DISADVANTAGES AND ADVANTAGES OF ECONOMIC INTEGRATION IN AFRICA

            DISADVANTAGES AND ADVANTAGES OF ECONOMIC INTEGRATION IN AFRICA

Some of the ways in which West African Countries would benefit from economic integration are:

The enlarged market will encourage large scale production.

 Efficiency generated as a result economic integration will be utilized in production units.

ADVANTAGES OF ECONOMIC INTEGRATION IN AFRICA

  • There will be greater resources m achievement
  •  The countries will benefits specialization in some areas production.
  • Job opportunities will be created in the process.
  • A wide range of economic activities wi improve the quality of life of the
  •  There will be stimulation of f economic development in the reg:: a
  •  The countries will have greater to participate effectively in the w market.

     DISADVANTA OF ECONOMIC INTEGRATION THROUGHOUT AFRICA

  •  Fear and suspicion of domination:  Uneven development among African Nations creates fear a suspicions of domination.
  • are differences in economic and political ideology which delay decision making process.

(3)        Divided loyalty to former colonial masters: There is divided loyalty to former colonial masters and the union and this tends to hamper effective integration.

(4)        Fiscal and monetary differences: There are fiscal and monetary differences among the nations in West Africa.

(5)        Inadequate Infrastructural Facilities: Inadequate infrastructural facilities such as roads and telecommunication is one of the major problems.

(6)        Absence of Large and Developed Markets: Absence of large and developed markets among member- nations is another problem.

(7)        Political instability: Political instability in the region has slowed down the pace of Economic Integration.

(8)        Reluctance to surrender economic independence: Member states feel reluctant to surrender their economic independence.

(9)        Inadequate Capital: There is inadequacy of capital within the region.

(10)      Language Barrier: Language barrier within the region also affects economic integration.

  1. 153. FUNGAL DISEASES
  2. PROTOZOAN DISEASES
    155. TRYPONOSOMIASIS

    159. TAPE WORM
    160. ROUND WORM OF PIGS
    161. LIVER FLUKE
    162. ECTO PARASITES
    163. TICK

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  1. of demand curve and used
  2. advertising industry
  3. factors of production
  4. entrepreneur
  5. joint stock company
  6. public enterprises
  7. private enterprises

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