Question

In: Economics

Find an article relating to Regional Economic Integration give a brief summary in your own words....

Find an article relating to Regional Economic Integration give a brief summary in your own words. Do you agree or disagree with the article?

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Expert Solution

Article: Economic integration is helping boost trade and investment in Africa

In the physical world, integration between and even within countries has happened at a much slower pace. At too many borders, goods still hang around and wait needlessly, raising costs and hurting business competitiveness.
For every success there is a graveyard of stalled or stunted regional initiatives to remove barriers to trade and investment. Building trade blocs with neighbouring countries can help small countries to get access to ports. Reforming archaic tariff structures, changing inherited and restrictive laws, identifying and confronting non-tariff barriers, and facilitating trade at the border: this is the oil that greases the wheels of trade within regions, and indeed with the rest of the world. Small and medium-sized enterprises, which in most economies account for over 95% of businesses and the vast majority of all jobs, must be able to tap into to regional trade and investment.

I Agree with the article It offers a unique opportunity to harness innovation and global integration for sustainable and inclusive growth in Africa for governments, the private sector and development partners.


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