Regional Integration and Industrial Development: The African Experience

Onyeke, Chibueze Ekene and Ugwuegbe, Ugochukwu Sebastine and Alio, Felix Chukwubuzo (2018) Regional Integration and Industrial Development: The African Experience. Journal of Economics, Management and Trade, 21 (11). pp. 1-11. ISSN 24569216

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Abstract

This study theoretically examines the role of African regional integration in promoting industrialisation in the continent. We traced the effort of various Regional Governments, Regional Economic Communities (RECs) and African Union (AU) in promoting industrialisation in Africa. The stage of industrial development in Africa is still at the primordial level, making Africa depend mainly on the primary commodity for export, leading to the reduction in the continents share of the global export of manufactured good, increase in unemployment, and poverty. The study, therefore, argues that regional integration is a veritable instrument in achieving structural transformation and industrial development in Africa. We, therefore, recommend that the Regional Economic Communities should be reorganised in order to facilitate the ratification and implementation of the regional integration agenda which has direct consequence on sustainable industrialisation in Africa.

Item Type: Article
Subjects: Open Archive Press > Social Sciences and Humanities
Depositing User: Unnamed user with email support@openarchivepress.com
Date Deposited: 24 Apr 2023 05:51
Last Modified: 05 Mar 2024 04:18
URI: http://library.2pressrelease.co.in/id/eprint/1015

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