1887

n AfricaGrowth Agenda - Why intra-African trade has remained subdued? Challenges and solutions

Volume 15 Number 3
  • ISSN : 1811-5187
USD

 

Abstract

Summary Despite efforts by development institutions like African Union (AU) and other trade blocs in the region to spur economic growth through intra-trade, Africa’s intra-trade has remained subdued; although there is common consensus by development economists and practitioners, that intra-trade is the engine for economic growth and development. According to IMF (2012) from 2007-2011, intra-African trade accounted only 11% of Africa’s total trade, which is the lowest of any continent. This is reinforced by Asia and Europe which hit the 50% and 70% mark respectively. This is saddening on the notion that, by 2015, Africa’s population doubled that of Europe to hit 1,186 million, but Intra-African trade has remained subdued at $ 170 billion (which is 5% of intra-EU trade).

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/content/journal/10520/EJC-10f183d32a
2018-07-01
2018-10-21

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