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Integrating African Markets: The Way Forward

Author

Listed:
  • Bernard Hoekman
  • Lemma W Senbet
  • Witness Simbanegavi

Abstract

Regional integration has been a subject of a menu of declarations in Africa for decades, and for good reason. Regional integration bears significant potential for Africa’s economic transformation and development through such outcomes as reduced trade costs, economies of scale and enhanced competitiveness. A lot of progress has been achieved in the area of regional integration, including trade, finance and infrastructure. For instance, the share of intra-African trade has increased appreciably over the last few decades, and Africa has begun witnessing the emergence of regional stock exchanges. However, Africa still has a long road to travel. This special issue is an attempt to take stock of the regional integration initiatives and outcome in Africa. Specifically, the issue highlights some of the progress made in regional integration more generally, and regional financial integration in particular, and articulates the research issues that can enhance policy development to further Africa’s regional integration agenda.

Suggested Citation

  • Bernard Hoekman & Lemma W Senbet & Witness Simbanegavi, 2017. "Integrating African Markets: The Way Forward," Journal of African Economies, Centre for the Study of African Economies, vol. 26(suppl_2), pages 3-11.
    • Handle: RePEc:oup:jafrec:v:26:y:2017:i:suppl_2:p:ii3-ii11.
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    File URL: http://hdl.handle.net/10.1093/jae/ejx033
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    Cited by:

    1. Ibrahim A. Adekunle & Abayomi T. Onanuga & Ibrahim A. Odusanya, 2021. "Financial Integration and Growth Outcomes in Africa: Experience of the Trade Blocs," Research Africa Network Working Papers 21/052, Research Africa Network (RAN).
    2. Ilaria Fusacchia & Jean Balié & Luca Salvatici, 2022. "The AfCFTA impact on agricultural and food trade: a value added perspective," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 49(1), pages 237-284.
    3. Francis Onditi, 2021. "What does the Data Tell Us About Dominatarian Theory of Regional Integration?," Jadavpur Journal of International Relations, , vol. 25(1), pages 73-100, June.

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