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The African Single Currency: Putting in Place the Missing Link for a Complete Regional Integration Scheme in Africa

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DOI: 10.4236/me.2015.610103    2,768 Downloads   3,073 Views   Citations

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.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

Diop, I. (2015) The African Single Currency: Putting in Place the Missing Link for a Complete Regional Integration Scheme in Africa. Modern Economy, 6, 1064-1077. doi: 10.4236/me.2015.610103.

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