Economics, Econometrics and Finance
3 years ago

African Continental Free Trade Area faces challenges in economic integration journey

The long journey towards Pan-African integration: The African Continental Free Trade Area and its challenges
Bernhard Tröster, Eva Janechová

Paper Summary

The African Continental Free Trade Area (AfCFTA) aims to promote economic integration in Africa. Challenges include the need for coordinated industrial policies to maximize benefits. The agreement could lead to trade and welfare gains, but its success depends on various factors. Efforts to overcome limitations and challenges are crucial for the AfCFTA to positively impact African development.

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