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oa Business Management Review - Implications of the European Union enlargement for Africa

Volume 5, Issue 2
  • ISSN : 0856-2253

 

Abstract

The European Union enlargement including its development towards a single market and monetary union has drawn attention of many people including governments, multinational corporations, business practitioners and academics. The enlargement is seen on the one hand as a developmental aspect and a good example of a regional integration that is developing into a vast and strong economic integration with an eventual possibility of forming a total political union in the near future. On the other hand the enlargement process is seen as a threat to the rest of the world, particularly to those countries whose economic development or survival of their economies depend to a greater extent on the continued relationships with countries which are members of the European Union. The European Union member countries, are either the metropolis, or others with whom strong bilateral agreements have been formed to boost economies, trade, various social and political developments. The paper starts by showing how countries of the world are moving away from multilateralism towards developing regional integrations, some of which economic corporations are developing into strong protectionism. A unique feature of this paper is an attempt to show in particular how the European Union enlargement can affect trade, investment, and various aspects of economic development of Africa. The paper does provide some indicators of areas that are likely to be affected most as a result of the EU enlargement, and it concludes by highlighting the real problems that Africa faces and suggests ways to alleviate some of them.

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/content/bmr/5/2/AJA08562253_91
1998-06-01
2019-08-17

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