AFRICA AND GLOBALISATION: A CASE FOR REGIONAL INTEGRATION AND POVERTY REDUCTION - A REVIEW
Keywords:
sub-Sahara, regional integration, globalisation.
Abstract
There is no doubt that economic growth rates in sub-Sahara Africa lagged far behind those of other regions and that Africa is the region least integrated into the global economy. In this article, the case has been made to show that African countries can and must integrate themselves into world markets if they wish to succeed. For Africa, an important intermediate step toward integration into the world economy is promoting regional integration at home. This is one urgent step towards making globalisation work in Africa.
References
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James, M. Boughton 2004. “Reflections On Reform at the IMF and the Demands of a Changing World Economy” in Finance and Development, IMF at Sixty, A Quarterly Publication of the International Monetary Fund, September 2004. Volume 41, Number 3, Washington DC, p. 9
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Batra, R. 1993. “The Myth of Free Trade”, New York: Charles Scribner.
GATT, 1994. The Final Act of the Uruguay Round, Geneva.
Gondwe, G.E. 2001. “Making Globalization Work in Africa,” in Finance and Development, A Quarterly Publication of the International Monetary Fund. December, 2001. Volume 38. Number 4. Washington, DC. P. 4. See also Saleh M. Nsouli and Francoise Le Gall; “The New International Financial Architecture and Africa”, pp 34 – 36 of the same edition.
James, M. Boughton 2004. “Reflections On Reform at the IMF and the Demands of a Changing World Economy” in Finance and Development, IMF at Sixty, A Quarterly Publication of the International Monetary Fund, September 2004. Volume 41, Number 3, Washington DC, p. 9
Jeffrey Sachs 2000. “A New Global Consensus ion Helping the Poorest of the Poor” in Boris Pleskovic and Nicholas Stern (eds.) Annual World Bank Conference on Development Economics, A Co-publication of the World Bank and Oxford University Press, New York, p 51.
Mohammed Daovas 2004. “Africa Faces Challenges of Globalization” in Finance and Development, A Quarterly Publication of the International Monetary Fund, Washington DC. June 2004. p. 4
Osagie, E. 1995. “Optimising Nigeria’s Opportunities Under the World Trade Organization Regime”, Keynote Paper at Workshop on the New GATT: Optimising Nigeria’s Opportunities in World Trade Organised by the Nigeria Stock Exchange in Lagos, June 20-21-1995.
O’Rourke, Kevin H. 2002. “Globalization and Inequality: Historical Trends,” in Boris Pleskovic and Nicholas Stern (eds) Annual World Bank Conference on Development Economics 2001/2002; A Co-publication of the World Bank and Oxford University Press, New York. p. 40
Rodrik, Dani 2000. “How Far will International Economic Integration Go?” Journal of Economic Perspectives 14 (1): 177 – 86. See also Rodrik, Dani; 1999. The New Global Economy and Developing Countries: Making Openness Work. Overseas Development Council, Washington D.C.
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