TITLE:
The African Single Currency: Putting in Place the Missing Link for a Complete Regional Integration Scheme in Africa
AUTHORS:
Ibrahima Thione Diop
KEYWORDS:
Integration, Single Currency, Globalization
JOURNAL NAME:
Modern Economy,
Vol.6 No.10,
October
27,
2015
ABSTRACT: Facing
the threat of globalization, Africa is more than ever forced to lift as soon as
possible the factors blocking the integration process which is too long deadlocked.
Indeed, Africa remains on the margins of world trade, FDI flows and the ICT revolution,
while suffering the brunt of the repercussions of globalization, including the food
crisis. This article is a contribution to the issue of economic integration of African
countries through the introduction of a single currency. However, the latter seems
to be a decisive contribution to permanently overcome the issue of borders but also
the divisions in terms of language differences. The main conclusion from this research
is that we need to overcome the many constraints faced by the advent of the single
currency, which are essentially institutional, but also economic.