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Economic development in Africa report 2009: Strengthening regional economic integration for Africa's development
The global financial crisis requires the re-examination of current approaches to international development. One area which is important for Africa is the role of regional integration in addressing the long-standing structural weaknesses which have lowered the long-term growth performance of most countries on the continent, increased their economic vulnerability and undermined efforts to reduce poverty.
The Economic Development in Africa Report 2009 focuses on ways of strengthening regional economic integration for Africa´s development. It complements existing institutional analyses of regional integration in Africa with an economic analysis of trade in goods and services, migration and investment.
The report surveys recent trends in these flows and assesses the potential for increasing them in ways that will support economic development.
The report finds that - when designed and implemented within a broader development strategy to promote economic diversification, structural changes and technological development - regional integration could help enhance productive capacities of African economies, realize economies of scale, improve competitiveness and serve as a launching pad for African economies´ effective participation in the global economy.
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