Economic integration in Central and West Africa

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Periodical article

Title:	Economic integration in Central and West Africa
Author:	Nowzad, B.
Year:	1969
Periodical:	Staff Papers
Volume:	16
Issue:	1
Pages:	103-139
Language:	English
Geographic terms:	French-speaking Africa West Africa French Equatorial Africa Cameroon
Subjects:	international economic relations central banks
Abstract:	From the conclusions: The argument for some kind of integration among the countries of Central and est Africa is generally supportable: most of these countries have extremely narrow domestic markets, which inhibit the establishment of new industries. The economic gains from integration cannot in present circumstances be derived through other means. Integration, however, should not constitute the only objective of economic policy: there is no full substitute for the trade with the advanced markets. Although the difficulties of integration are not to be underestimated, the cardinal importance of political factors: the political will to cooperate, must be emphasized. with regard to other preconditions, the outlook for the countries of Central and west Africa may be considered favorable. Parts of the article: 1. The background to integration in central and west Africa - 2, existing regional arrangements - 3. Issues and problems (Cooperation; Size and composition; Scope and strategy; External assistance; Distribution of gains; Fiscal effect; Intraregional payments; Special preferential links - 4. Conclusions. Resumes en français et en espagnol. Tables, appendices.