Regional Economic Integration in Africa

Since independence in the early 1950¿s, Africäs overall economic performance compared very unfavourably with those of other regions of the developing world mainly because it attained political independence as a fragmented continent. From this time, the vision of African leaders has been that of regional integration and the creation of the African common market. The vision of a common market which unites Africäs mostly small and fragmented economies would lead to economies of scale, thereby making African countries more competitive. That vision however, has been clouded by the devastation of war, both civil and territorial and corruption which drains the state. Therefore, the importance of regional economic integration is pertinent and more so, the role of Regional Economic Communities as integrative institutions.