Economic co-operation among African countries and expansion of Intra-African trade with a view to the establishment of an African common market

Abstract

The unsuitability of the present international economic relations to foster economic development in developing countries has given rise to the various resolutions on the Establishment of a new international economic order. The vertical economic relationship between the developing and the developed countries has not only relegated the former into mere suppliers of primary products for economic prosperity of the latter but it has also diverted attention from the basic factors for development and measures for promoting development such as technology, development of indigenous capability, basing production on local resources and. institutions, diverting tastes and demand to local products and substituting local for foreign products.