New Regionalism in Sub-Saharan Africa: A Means to Attract Foreign Direct Investment (FDI) and to Legitimate Democratic Governments | Chapter 11 | Current Research in Education and Social Studies Vol. 2
The regional integration process in Africa is increasingly becoming an indispensable instrument in the promotion of domestic and foreign direct investment (FDI) and as a means for the legitimization of the fragile nascent democratic government, which are slowly and painfully being put in place all over the continent. The achievement of these policy objectives for sub-Saharan African countries requires the identification and formation of clear priorities and strategies whose implementation should be feasible, effective and supported by strong political will, if the regional integration failures of the past fifty years of African independence have to be avoided. The key strategies and priorities seem to be based on a belief that the harmonization of regional policies and infrastructures projects of all kinds constitutes the very foundation of a regional integration. According to this belief, these projects are considered to be instrumental and conducive to increased market openness an...