Economics, Econometrics and Finance
8 years ago

Regional economic integration boosts trade in West and Southern Africa.

THE IMPACT OF REGIONAL ECONOMIC INTEGRATION ON BILATERAL TRADE IN WEST AND SOUTHERN AFRICA: A COMPARATIVE STUDY OF ECOWAS, SADC AND EU PREFERENTIAL TRADE AGREEMENT
Sylvanus Kwaku Afesorgbor

Paper Summary

Regional economic integrations like ECOWAS and SADC in Africa have significantly boosted trade between member countries, contrary to traditional trade theories. SADC has had a greater impact on intra-regional trade compared to ECOWAS. Overlapping membership in multiple trade agreements can either help or hinder trade depending on the specific bloc. Increasing exports through regional trade agreements can lead to economic growth and development in developing countries.

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