DISADVANTAGES OF ECONOMIC INTEGRATION

PROBLEMS OR DISADVANTAGES OF ECONOMIC INTEGRATION

  •  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.

. LIVER FLUKE
162. ECTO PARASITES
163. TICK
check out these recent posts

  1. loans for businesses
  2. how to establish enterprises
  3. what is a firm
  4. price equilibrium
  5. scale of preference
  6. concept of economics
  7. economic tools for nation building
  8. budgeting
  9. factors affecting the expansion of industries

mineral resources and the mining industries

let us know what you think

This site uses Akismet to reduce spam. Learn how your comment data is processed.