The AU and Continental Foreign Economic Policymaking in Africa: Institutions and Dialectics on Integration in the Global Economy
This chapter takes a critical look at the efforts by the African Union and the continent’s major economic institutions, namely the United Nations Economic Commission for Africa, the African Development Bank, and the New Economic Partnership for Africa’s Development, in formulating and implementing an effective foreign economic policy. The author argues that in its fifteen years of existence, the African Union has little to show for the economic performance of the continent due to its confused and incoherent foreign economic policy. Compounding the conundrum is the tense dialectic between the extent of economic integration that African states—and their institutions—should seek to adopt within the global political economy. The chapter concludes that the African Union needs to rethink the global integration template it is pursuing and realign it to the realities of the continent’s political economy, especially as it relates to autonomy and self-sufficiency.
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