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Economic Integration in Africa – Overview, Progress and Challenges

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  • Marinov, Eduard

Abstract

State and government leaders of the African Union adopt and implement efforts for regional integration as a common strategy for the development of the continent. The objective at continental level is the establishment of the African Economic Community as the last of six consecutive stages, including the strengthening of inter-sectorial cooperation and the establishment of regional free trade areas, monetary union, common market, monetary and economic union, covering the entire continent. Currently there are 16 Regional economic communities in Africa and 8 of them are officially recognized as the foundation for the development of the African economic community. Reviewed are their goals, their main achievements and issues. The study analyses the progress made in the integration process as well as the challenges it faces.

Suggested Citation

  • Marinov, Eduard, 2014. "Economic Integration in Africa – Overview, Progress and Challenges," MPRA Paper 60317, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:60317
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    References listed on IDEAS

    as
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    3. World Bank, 2013. "World Development Indicators 2013," World Bank Publications - Books, The World Bank Group, number 13191.
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    More about this item

    Keywords

    Economic integration; Regional economic communities; African economy;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F54 - International Economics - - International Relations, National Security, and International Political Economy - - - Colonialism; Imperialism; Postcolonialism
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • N77 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Africa; Oceania

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