Abstract
African countries are faced with a broad spectrum of political and economic challenges that have shadowed hugely in an anticipated socio-economic prosperity. The continent overtime has resolved to come up with a single currency as well as opening borders for trade but none of that has been realised. Polarisation of economic development has caused brain drain within the continent with educated people from poorly governed countries moving across borders (Europe and America), and the same happens with gifted entrepreneurs who search for a country with a better business enabling environment than their own home countries. There is uneven development in Africa with very poor, fragile and better performing countries constituting the continent. This has caused a huge burden on those economies that are doing well as those economies have to create jobs for immigrants as well and for their own people. However, the founding principles of the African Union were basically to bring African countries together and help each other to see through economic and political prosperity across the continent in as much as there are laid out guiding rules.Africa has continued to be a highly protective continent especially amongst itself as most countries still require visas from citizens of other African countries, while countries still impose import duties and all forms of control on imports and practices that are against the foresights of the founding principles of the African Union. This paper acknowledges the efforts that have been done in the West and South of Africa for the formation of regional blocks that desire to achieve socio-economic progress in those regions. The formation of ECOWAS in the WEST and SADC in the South are good strides towards integration efforts in Africa but if the founding objectives of the African Union are to be achieved, member countries still have to do more. This paper recommends the two biggest countries in Africa to make use of their economic power to influence smaller member states to also envision possible socio-economic benefits that can emanate from total integration of the continent. They could make use of the African parliament, African Union summits and other several platforms to lobby for this important goal.
Highlights
Countries around the world including those in Africa have over the years continue to engage with each other through the means of trade, because trading typically makes a country better off which creates income and enhance social and economic development through exchange
In order to establish the significance of this study, and to display the existing studies relevant to this current study area, the preliminary literature review in this study focuses on both the socio-economic and political factors responsible for the African regional integration organizations for level of economic development experienced in various sub-regions
The principal aim of this study is to explore the socio-economic factors at play in the implementation and liberalization of trade in both Economic Community of West African States (ECOWAS) and the Southern African Development Community (SADC) sub-regional integration related to this are others sub aims including; to investigate the thoughts of other scholars
Summary
Countries around the world including those in Africa have over the years continue to engage with each other through the means of trade, because trading typically makes a country better off which creates income and enhance social and economic development through exchange. The withdrawal or decrease of restrictions that hinder free trade between countries is eluded to be the advancement of exchange (liberalisation of trade). This incorporates the expulsion of exercise duty deterrents, for example, duties charges, and non-tariff hindrances that is permitting principles, shares and different needs, which facilitate integration. Trade Integration development is the decline of exchange practises, that shambles free movement of merchandise and enterprises opening with one country to another. The facilitating of these limitations is regularly alluded to as evolving “systematized trade”
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