The issue of regional integration has acquired a new relevance and urgency in Africa due to wide-reaching national and global changes. African leaders' commitment to regional economic integration was clearly expressed during the June 1991 OAU summit meeting in Abuja, Nigeria. On that occasion, they signed a treaty to establish an African Economic Community (AEC) by the year 2025. This chapter reviews the various regional integration schemes that came into existence in the aftermath of independence - Union douaniŠre et ‚conomique de l'Afrique centrale (UDEAC), East African Community (EAC), Communaut‚ ‚conomique de l'Afrique de l'Ouest (CEAO), ECOWAS, Union ‚conomique et mon‚taire ouest-africaine (UEMOA), Economic and Monetary Union of Central Africa (CEMAC), and Southern African Customs Union (SACU). The chapter explains the reasons for the relative failure of these schemes and examines the consequences of Africa's rapidly changing position in the global economy for regional...Show moreThe issue of regional integration has acquired a new relevance and urgency in Africa due to wide-reaching national and global changes. African leaders' commitment to regional economic integration was clearly expressed during the June 1991 OAU summit meeting in Abuja, Nigeria. On that occasion, they signed a treaty to establish an African Economic Community (AEC) by the year 2025. This chapter reviews the various regional integration schemes that came into existence in the aftermath of independence - Union douaniŠre et ‚conomique de l'Afrique centrale (UDEAC), East African Community (EAC), Communaut‚ ‚conomique de l'Afrique de l'Ouest (CEAO), ECOWAS, Union ‚conomique et mon‚taire ouest-africaine (UEMOA), Economic and Monetary Union of Central Africa (CEMAC), and Southern African Customs Union (SACU). The chapter explains the reasons for the relative failure of these schemes and examines the consequences of Africa's rapidly changing position in the global economy for regional integration.Show less
