Question 1 Report
(a) What is economic integration?
(b) Highlight any three problems of economic integration in west Africa.
(a) Economic integration. Economic integration is an arrangement in which two or more countries in a region agree to remove or reduce trade barriers (such as tariffs and quotas) among themselves and to co-operate economically, so as to create a larger combined market and promote their joint economic growth and development. Its common forms are the free-trade area, customs union, common market, and economic community such as ECOWAS.
(b) Three problems of economic integration in West Africa.
(Other acceptable problems: differences in official language, poor transport and communication networks, political instability, and widespread smuggling.)
Everything you need to excel in your exams