1 Regional Economic integration, Governance Quality and Tax Revenue in Sub-Saharan African Countries: Linkages and Pathways Adebayo Ogunniyi1,4, George Mavrotas1, Kehinde Olagunju2, Rufai Adedoyin3 Adewale A.4 Ojo Ayodeji.4 1International Food Policy Research Institute (IFPRI), Abuja, Nigeria 2Agri-Food and Biosciences Institute, Belfast, Northern Ireland Africa’s integration is no longer a matter of choice. As a result, African governments have concluded a very large number of regional integration arrangements, several … yQ�f Regional Cooperation and Integration (RCI) RCI promotes growth and narrows development gaps between ADB’s developing member countries by building high quality cross-border infrastructure, closer trade integration, intraregional supply chains, and stronger financial links, and motivating provision of regional public goods, enabling slow-moving economies to speed their own expansion. endobj
2 From the literature3 and experience, some traditional and non-traditional gains from regional integration arrangements could be identified, including: 2.1 Traditional Gains from Regional Integration Arrangements Trade gains: If goods are sufficiently strong substitutes, regional trade agreements will cause the demand for third party goods to decrease, which will drive down prices. Other benefits may include intra-regional distribution of resources and a single regional market for goods, services, labour and/or capital. Essay on the Role of Regional Literature in Cultural Integration. <>
Asia and the Pacific. Progress in regional integration, which would have been an invaluable instrument to expand intra-Africa trade is limited mainly due to unwillingness of governments to (i) surrender some sovereignty of macroeconomic policy making power to a regional authority; (ii) face potential consumption costs that may arise by importing from a high-cost member country; (iii) accept unequal distribution of gains and losses that may follow an integration agreement at least in the short run … Furthermore, this may facilitate the realisation of the optimum allocation of resources, and thus, lead to an increase in efficiency in production. Regional integration refers to various types of political and economic agreements that form closer ties between sovereign countries. Regional integration is often viewed as a way to support development and economic growth in developing countries through the related with it benefits to trade and welfare. x�c``������$����WR����~�������|@���T��#���2S/`M. regional integration highlighting the need for a new approach. Integration is where design meets reality, where theoretical meets practical implementation. Against an international backdrop of changing political and economic priorities, Africa must plot a new course for its industrialisation and economic development, using the momentum of regional integration. 3. A number of leaders called for the integration of Africa already soon after independence, but it was only in the 1970s and 1980s that concrete steps were taken to re-launch or establish economic integration institutions in all sub-regions. At some point, someone has to make it all work. 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