African Union and Regional Economic Communities: Problems, Benefits and Prospects of Collaborations for Integration

Abstract

Introduction. African Union’s regional economic communities are stronghold for the African continent towards economic integration in various sub-regions and sectors of the African people. Their efforts have further deepen both trade and political interests among them which have equally boosted the integration drive of the African Union for the overall benefits of the Africans. Their moves have articulated many incentive, for more investments and attraction of Foreign Direct Investment that have brought continental reforms like stabilization, market policy, liberalization and privatisation methods adopted for regional arrangements to increase both private and public investments. Methods and materials. The paper adopts secondary source of data to elicit information while it makes use of integration theory to Midwife the import for the study towards economic, monetary market development and political union in African. Analysis and Results. The paper posits to examine their areas of dimensions, problems and prospects for collaboration to maximize economic goals and objectives which include security governance, economic growth, etc. The paper identifies problems like over concentration with the regional economic communities and their attendant peculiarities, while it notes the prospects of joint activities between the African Union and the regional economic Communities to build their capacities, harmonize and coordinate their institutions towards collaborations.