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AFRICA NEEDS DEEPER REGIONAL INTEGRATION... PDF Print E-mail
Publications - African Agenda
Written by Kanaga Raja, SUNS, Geneva   
Thursday, 20 August 2009 16:55

The global economic crisis, which has reached the African continent, requires the re-examination of existing approaches to international development, with one important response being deeper regional integration to address the long-standing structural weaknesses of African economies, the UN Conference on Trade and Development (UNCTAD) has observed.

 

            In its "Economic Development in Africa" report for 2009, UNCTAD says that regional integration is essential for sustained development on the continent, especially within the context of the current crisis.

 

            The report notes that Africa currently has the world's lowest shares of regional trade and investment - 9% of recorded flows of total external trade and 13% of recorded flows of total inward foreign direct investment.

 

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