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 line that has a potential for promoting regional sparing development in west Africa by combining fiscal and monetary as well as macroeconomic and microeconomic policies so that west African economies can complement each other and gain 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 demand prerequisites for the development of markets that can spur economic development. For this to happen, a rough range of fiscal measures will need to be taken. Furthermore, in that location needs to a structural transformation of the sylvan arena so that there is increased productivity within that pretermit of heaven and a much lesser percentage of the state 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 somewhat 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 hap economic integrating in all fields of economic activity, particularly industry, transport, tele communications, energy, agriculture, natural! resources, commerce, monetary and financial questions, social and cultural matters. The ECOWAS directorate of land and Rural Development is responsible for specify and implementing regional agricultural policy to contribute to sustainable nourishment needs of the West African population. Despite the existence of an ideal 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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