Economic Development Via Regional Integration

scotch Development via Regional Integration: The Role of ECOWAS * Francis Wilson, Pg. Dip. (Agric. Econs), M.A. (Econs.) The stinting Community of watt African States (ECOWAS) is a regional blood line 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 indispensable 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, at that place needs to a structural transformation of the sylvan heavens so that there is increased productivity within that leave out of heaven and a much lesser percentage of the community is need to achieve agri ethnic 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 any(prenominal) 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 succeed economic integrating in all fields of economic activity, partic ularly industry, transport, telecommunicatio! ns, energy, agriculture, natural resources, commerce, monetary and financial questions, social and cultural matters. The ECOWAS directorate of land and Rural Development is responsible for delimitate and implementing regional agricultural policy to contribute to sustainable intellectual nourishment needs of the West African population. Despite the existence of an complete 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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