Munich Personal RePEc Archive

Regional Economic Integration in Africa

Marinov, Eduard (2014): Regional Economic Integration in Africa. Published in: Ph.D. Students Forum: Transatlantic Dialogues in the Field of Social Scienses No. ISBN 978-954-07-3755-3 (2014): pp. 9-31.

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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-sectoral cooperation and the establishment of regional free trade areas, monetary union, common market, monetary and economic union, covering the entire continent. Currently there are 15 Regional economic communities in Africa and 7 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.

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