Modalities for South-South industrial co-operation with special focus on Africa
Author(s)/Corporate Author (s)United Nations. Economic Commission for Africa;
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The main purpose of this study is, to explore factors impeding adequate South-South co operation and propose approaches for enhancing this co-operation. Regional economic co operation and integration in Africa is a cornerstone in the implementation of the aspirations of the Abuja Treaty establishing the African Economic Community. This however, has not been realized due the inherent nature of weaknesses on the African national economies. Strengthening of these economies calls for, among other things, injection of foreign direct investments. In the frame work of South-South co-operation, this study will explore practical measures to be taken to promote Asia-Africa co-operation as a means to strengthen African economic co-operation and integration and leading to the implementation of the Abuja Treaty. The basic assumption is that the higher the level of industrial cooperation within Africa, the greater the possibility for the development of a common market and the stronger the propensities for promoting African Unity. This is also based on the hypothesis that regional industrial cooperation stimulates market integration within a region and that such a regional process promotes the development of an economic community as the penultimate stage for a Union of African States.