Regional Integration and Cooperation in Sub-Saharan Africa: Are Formal Trade Agreements the Right Strategy
AbstractThis paper examines the potential for success for trade-focused regional integration agreements in Sub-Saharan Africa, with particular focus on Southern Africa. The paper surveys the existing literature on regional integration, and attempts to distill the most relevant lessons about success and failure for the current integration initiatives in the region. It finds that there is little reason to expect significant economic gains form formal trade agreements at this time. Such agreements, in and of themselves, are unlikely to yield appreciable benefits unless they are preceded by decisions within member countries to follow more general open trade strategies.
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Bibliographic InfoPaper provided by Bell Communications - Economic Research Group in its series Papers with number 20.
Length: 19 pages
Date of creation: 1999
Date of revision:
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Postal: Bell Communications Research; Economic Research Group, 445 South street Morristown, NJ 07962-1910, USA
TRADE ; REGIONAL ECONOMY ; DEVELOPING COUNTRIES ; ECONOMIC INTEGRATION;
Find related papers by JEL classification:
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
- F10 - International Economics - - Trade - - - General
- F15 - International Economics - - Trade - - - Economic Integration
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