MUSTAPHA AYODELE HARUNA. African Union and Regional Economic Communities: Problems, Benefits and Prospects of Collaborations for Integration

DOI: https://doi.org/10.15688/jvolsu4.2022.3.20

Mustapha Ayodele Haruna

PhD,

Department of Social Sciences, Rufus Giwa Polytechnic,

08062475286 Owo, Ondo State, Nigeria

This email address is being protected from spambots. You need JavaScript enabled to view it.

https://orcid.org/0000-0003-2683-5789


Abstract. Introduction. African Union’s regional economic communities are stronghold for the African continent towards economic integration in various sub-regions and sectors of the African people. Their efforts have further deepen both trade and political interests among them which have equally boosted the integration drive of the African Union for the overall benefits of the Africans. Their moves have articulated many incentive, for more investments and attraction of Foreign Direct Investment that have brought continental reforms like stabilization, market policy, liberalization and privatisation methods adopted for regional arrangements to increase both private and public investments.

Methods and materials. The paper adopts secondary source of data to elicit information while it makes use of integration theory to Midwife the import for the study towards economic, monetary market development and political union in African.

Analysis and Results. The paper posits to examine their areas of dimensions, problems and prospects for collaboration to maximize economic goals and objectives which include security governance, economic growth, etc. The paper identifies problems like over concentration with the regional economic communities and their attendant peculiarities, while it notes the prospects of joint activities between the African Union and the regional economic Communities to build their capacities, harmonize and coordinate their institutions towards collaborations.

Key words: African integration, common market, regional economic communities, sovereignty, trade integration, Customs Union.

Citation. Mustapha Ayodele Haruna. African Union and Regional Economic Communities: Problems, Benefits and Prospects of Collaborations for Integration. Vestnik Volgogradskogo gosudarstvennogo universiteta. Seriya 4. Istoriya. Regionovedenie. Mezhdunarodnye otnosheniya [Science Journal of Volgograd State University. History. Area Studies. International Relations], 2022, vol. 27, no. 3, pp. 279-295. DOI: https://doi.org/10.15688/jvolsu4.2022.3.20.

Лицензия Creative Commons

African Union and Regional Economic Communities: Problems, Benefits and Prospects of Collaborations for Integration by Mustapha Ayodele Haruna is licensed under a Creative Commons Attribution 4.0 International License.

Attachments:
Download this file (2_Mustapha Ayodele Haruna.pdf) 2_Mustapha Ayodele Haruna.pdf
URL: https://hfrir.jvolsu.com/index.php/en/component/attachments/download/2839
445 Downloads