The Economic Community of the West African States (ECOWAS) is an example of
Answer Details
The Economic Community of West African States (ECOWAS) is an example of "economic integration".
Economic integration is a process by which countries come together to reduce or eliminate trade barriers and coordinate economic policies. ECOWAS is a regional organization made up of fifteen West African countries that have agreed to work together to promote economic integration in the region.
Through ECOWAS, member states have established a number of institutions and agreements to promote regional trade and investment, including the establishment of a free trade area, a customs union, and a common external tariff. ECOWAS also aims to harmonize economic policies in areas such as agriculture, industry, transportation, and telecommunications to facilitate regional cooperation and development.
The goal of economic integration is to create a larger and more efficient market that benefits all member states, by facilitating trade and investment flows, encouraging specialization and economies of scale, and promoting the free movement of goods, services, capital, and people across borders.
In summary, ECOWAS is an example of economic integration because it aims to promote regional economic cooperation and reduce trade barriers among member states in West Africa.