Strategic options of economic integration and global trade for Africa in the twenty first century Chapter uri icon

abstract

  • Trade has often been identified as a vital engine of economic growth and development to facilitate an African renaissance in the 21st Century. However, economic integration schemes in Africa continue to suffer from many limitations and Africa’s participation in the global economy remains miniscule. Regional integration arrangements in Africa, for example, continue to be characterized by overlapping membership and weak institutions. An analysis is undertaken of what needs to be achieved for economic integration to be more effective in Africa and for Africa to participate more effectively in global trade. The relationship between different economic integration initiatives in Africa to global trade liberalization in the framework of the WTO is explored. It will be argued that in order for African states to become more fully integrated in the global economy they will need to adopt a more pro-active rather than reactive approach. Such an approach should center on building more effective institutions at the national and regional levels so as to give Africa a greater voice in the 21st century.

publication date

  • 2009

start page

  • 71

end page

  • 82