 Regionalism and Industrial DevelopmentSteve Onyeiwu Chapter Chapter 5 in Emerging Issues in Contemporary African Economies, 2015, pp 105-124 from Palgrave Macmillan Abstract: Abstract The previous chapter shows that industrialization in Africa has not proceeded as expected, despite decades of various policies. In addition to industrial development policies, African countries regard regional integration as an indirect mechanism for promoting industrialization on the continent.1 Within the past four decades, several regional blocs have emerged in Africa, making it one of the continents with the highest number of regional institutions. Almost every country in Africa belongs to one or multiple regional blocs. Given the very small size of several African countries, regional integration is perceived as, perhaps, the best way they could develop the market size needed to achieve scale economies, efficiency, and international competitiveness.2 This chapter considers the potential role of regional integration in the process of industrialization, and uses the Economic Community of West African States (ECOWAS) as a case study. Keywords: Gross Domestic Product; Member Country; Industrial Development; Regional Integration; Southern African Development Community (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-40080-2_5 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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