Regional Integration: Challenges and Prospects for Africa

Abstract

Regional integration refers to the removal of barriers to international commerce by states that are in same geographical area and interest, through regional integration agreements (RIAs).To foster trade, expansion of the economy, increase coherence, and major macroeconomic benefits across boundaries. In 1850-1890, regional integration was conceived in Europe. Africa is a precursor in the process as far back as 1910 and after the World War II more economic communities surged. Although, Africa’s share of global population is 14%, annual share of global GDP is less than 3%. Experts have blamed Africa marginalization on the absence of effective regional integration mechanism to boost the continent’s external trade. The AU should immediately assess the level of performance at every stage of continental development (national, regional and continental levels), while taking into account the latest realities globally. Continental goals should be prioritized while member-states to show dedication to set objectives.

Keywords: Regional Integration, Economic Community, Africa, Europe