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- Title
Advancing Regional Integration in Africa through the Continental Free Trade Area (CFTA).
- Authors
Ismail, F. A.
- Abstract
The past decade and a half of the new millennium has ushered in dramatic changes to the architecture of world trade creating both opportunities and challenges for Africa's development. The paper is critical of the recent paper of the World Bank that resuscitates the approach to trade liberalization and regional integration propagated by the Washington Consensus. The paper argues that African countries should adopt a 'development integration' approach to regional integration that seeks to combine trade liberalization, industrial development and infrastructure development. The paper urges the World Bank and Africa's trading partners from the north and south, such as the EU, the US and China, to work closely with the African Union to advance the negotiations and implementation of the Continental Free Trade Area (CFTA) and the African Union Agenda 2063.
- Subjects
AFRICA; INTERNATIONAL economic integration; FREE trade; ECONOMIC development; WORLD Bank; INDUSTRIALIZATION; INTERNATIONAL trade
- Publication
Law & Development Review, 2017, Vol 10, Issue 1, p119
- ISSN
2194-6523
- Publication type
Article
- DOI
10.1515/ldr-2017-0003