Regional Integration in Africa: An Introduction - Kayizzi.
The Bank’s Regional Departments for West Africa A and B, together with the Regional Integration and Trade Department, will jointly be the Bank’s focal points for monitoring implementation of the RISP, with the active support of the field offices.
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The record of regional integration in Africa so far has been a sobering one, and many regional groupings are marked by uncoordinated initiatives, political conflicts and low levels of intra.
Regional economic integration agreements are treaties between member states in a particular region of the world such as Sub-Saharan Africa or the Middle East. These agreements are usually made between nations with smaller economies in order to promote trade within the region. However, they can have disadvantages, too.
Regional integration agreements (RIAs) have led to major developments in international relations between and among many countries, specifically increases in international trade and investment and in the formation of regional trading blocs.
Regional integration helps countries overcome divisions that impede the flow of goods, services, capital, people and ideas. These divisions are a constraint to economic growth, especially in developing countries. In FY 2017, The World Bank Group engaged in 130 projects dedicated to regional.
The objectives of this paper are to study the literature related to regional eco-nomic integration and identify the general benefits which can be obtained from eco-nomic integration schemes. In relation to this, this paper will explore the several at-tempts made at regional economic integration in Africa and the problems encountered so far.