Regional Integration and Policy Challenges in Africa

The role of integration as a catalyst for economic growth, development and insulation from global shocks has made the concept of regional integration even more attractive to states. This books contains compelling arguments and empirical observations that

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Regional Integration and Policy Challenges in Africa Edited by

Adam B. Elhiraika Director, Macroeconomic Policy Division, United Nations Economic Commission for Africa

Allan C. K. Mukungu Senior Economic Affairs Officer, Special Envoy, United Nations Economic Commission for Africa

and

Wanjiku Nyoike Development Planning Consultant, Capacity Development Division, United Nations Economic Commission for Africa

Selection and editorial matter © Development Research Department 2015 Individual chapters © Respective Authors 2015 Foreword © Abdalla Hamdok 2015 Softcover reprint of the hardcover 1st edition 2015 978-1-137-46207-7 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6–10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2015 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries

ISBN 978-1-349-69033-6 ISBN 978-1-137-46208-4 (eBook) DOI 10.1057/9781137462084 A catalogue record for this book is available from the British Library. Library of Congress Cataloging-in-Publication Data Regional Integration and Policy Challenges in Africa / [edited by] Adam B. Elhiraika, Director, Macroeconomic Policy Division, United Nations Economic Commission for Africa, Allan C. K. Mukungu, Senior Economic Affairs Officer, Special Envoy, United Nations Economic Commission for Africa, Wanjiku Nyoike, Development Planning Consultant, Capacity Development Division, United Nations Economic Commission for Africa. pages cm Includes bibliographical references. 1. Africa – Economic integration. 2. Africa – Economic policy. 3. Finance – Africa. I. Elhiraika, Adam B. II. Mukungu, Allan. III. Nyoike, Wanjiku. HC800.R439 2015 337.196—dc23 Transferred to Digital Printing in 2014

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Contents List of Figures

x

List of Tables

xiii

Foreword Dr Abdalla Hamdok

xvi

Preface

xviii

Acknowledgments

xix

Notes on Contributors

xxi

List of Abbreviations

xxviii

Overview Adam B. Elhiraika, Allan C