Economics Department

 

Date of this Version

2014

Document Type

Article

Citation

Journal for the Advancement of Developing Economies, Volume 3, Issue 1, 2014

Abstract

Scholars of international political economy have made remarkable inroad into the study of comparative integration endeavors across the globe. For examples, over the last few years, comparative studies of the North Atlantic Free Trade Area (NAFTA) and the European Union (EU) had been undertaken to reveal the factors that facilitated the success of each organization in their integration efforts at the regional level. Also a comparative study of the Asia Pacific Economic Cooperation (APEC) and the European Union has also been undertaken. However, very little effort has been made to reveal the impact or power of regionalism on African development. Enough scholarly attention has not also been given to the latent but eloquent influence of the European Union on the African Union to demonstrate how regional integration and interregional cooperation could promote or hinder African development and global integration. It is in order to fill this lacuna that this work focuses primarily on the role of regionalism in the entrenchment or otherwise of regional integration, good governance and African development through an in-depth comparative study of the European Union (EU) and the African Union (AU).