Weak financial markets and political instability cripple trade in Africa
Trade liberalization policies in Africa have not been successful in promoting trade between African countries. The main reasons for this are poor financial market accessibility and political instability. These factors significantly hinder the growth of trade in the region, more so than other unobserved obstacles. The study shows that these barriers are the key reasons why African countries struggle to increase their intra-regional trade share despite being part of numerous regional trade agreements.