Economic Development Via Regional Integration

scotch Development via Regional Integration: The Role of ECOWAS * Francis Wilson, Pg. Dip. (Agric. Econs), M.A. (Econs.) The sparing Community of watt African States (ECOWAS) is a regional insertion that has a potential for promoting regional economic development in west Africa by combining fiscal and monetary as well as macroeconomic and microeconomic policies so that westernmost African economies can complement each other and assist West African economic development. Currently West African economies lack the economic infrastructure which is so ingrained in forming the bedrock of any economy. Road networks and communication systems are inbred prerequisites for the development of markets that can spur economic development. For this to happen, a uncut range of fiscal measures will need to be taken. Furthermore, in that respect needs to a structural transformation of the sylvan domain so that there is increased productivity within that leap of heaven a nd a much lesser percentage of the community is need to achieve agri heathenish self-sufficiency than is currently the case. In its indicate for achieving economic development within the West African region, ECOWAS mustiness begin by transforming the agricultural infrastructure. There is close to draw near in this sphere, howbeit slow.

Firstly, it is important to have a look at what the main objective of ECOWAS is. Founded in 1975, ECOWAS is a regional pigeonholing of fifteen countries whose primary objective is to approach economic integrating in all fields of economic activity, particularly industr y, transport, telecommunications, energy, ag! riculture, natural resources, commerce, monetary and financial questions, social and cultural matters. The ECOWAS directorate of land and Rural Development is responsible for be and implementing regional agricultural policy to contribute to sustainable feed needs of the West African population. Despite the existence of an intact department to promote agricultural and rural...If you want to get a full essay, establish it on our website: OrderCustomPaper.com

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