Integration Along the Abuja Road Map
Year: 2018
Type: book-chapter
Abstract: This chapter reviews integration among the eight African Regional Economic Communities by comparing their characteristics and progress with three other South-South Regional Integration Arrangements. Three conclusions emerge: (i) slow progress towards meeting overly ambitious objectives; (ii) small changes in the destination of trade across all Regional Economic Communities, indicative of persistent high trade costs and few new manufactured products destined for geographically close markets; and (iii) compared with other South-South Regional Integration Arrangements, the Regional Economic Communities include a high number of provisions not covered in Word Trade Organization negotiations, but these have low legal enforceability. Reasons for this slow progress are explored in the chapter.
Language: English
Topic: Global trade and economics
Domain: Social Sciences
Open Access status: gold
OpenAlex ID: W4233647459