An economic project of regional integration in Africa
According to the latter’s 2022 report, foreign direct investment (FDI) to Africa reached $83 billion in 2021. This increase is due to the proportion of 45 % of the total linked to an intra-company financial transaction in South Africa. In reality, the global integration of Africa does not. Average g...
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| Format: | Article |
| Language: | English |
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Peoples’ Friendship University of Russia (RUDN University)
2023-12-01
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| Series: | RUDN Journal of Economics |
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| Online Access: | https://journals.rudn.ru/economics/article/viewFile/35275/22329 |
| _version_ | 1797785283737944064 |
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| author | Aicha Djeghar |
| author_facet | Aicha Djeghar |
| author_sort | Aicha Djeghar |
| collection | DOAJ |
| description | According to the latter’s 2022 report, foreign direct investment (FDI) to Africa reached $83 billion in 2021. This increase is due to the proportion of 45 % of the total linked to an intra-company financial transaction in South Africa. In reality, the global integration of Africa does not. Average global economic growth over the past twenty years has not exceeded 2.5 % (UNCTAD 2020). In the continent, globalization continues to be combined with a multitude of cooperation agreements and monetary unions. Globalization is seen as a process where Africa is a rich passive periphery in the hands of the powerful. The African Union recognizes that the plans it has developed have not achieved the expected objectives (Rapport UA 2020). Africa is still not integrated into the global economy. Underdevelopment continues to proliferate in the continent. Faced with this observation, a question arises: how then to boost the economic integration of Africa? This research aims to demonstrate the importance of reviving local development projects, because global integration must first go through African regional integration supported by African states themselves. There are strategic projects of development that could boost Africa’s development. This research aims to express the importance of the trans-Saharan road project in Algeria for regional integration. The method adopted is the descriptive one. We highlight the local riches of the country. The potentialities described in this intervention, constitute a part of the optimal economic environment of the trans-Saharan road. The project starts from the Mediterranean Sea crosses all the Algerian and then Nigerien territory to the Atlantic could be the stimulator that will boost African trade. In the economy of the 21st century, “The Trans-Saharan Highway” project is an opportunity for African and foreign investors to position themselves strategically and then concretize the regional and global integration of Africa. |
| first_indexed | 2024-03-13T00:51:54Z |
| format | Article |
| id | doaj.art-0c54d42678df43a091f313253b4168e8 |
| institution | Directory Open Access Journal |
| issn | 2313-2329 2408-8986 |
| language | English |
| last_indexed | 2024-03-13T00:51:54Z |
| publishDate | 2023-12-01 |
| publisher | Peoples’ Friendship University of Russia (RUDN University) |
| record_format | Article |
| series | RUDN Journal of Economics |
| spelling | doaj.art-0c54d42678df43a091f313253b4168e82023-07-07T10:41:36ZengPeoples’ Friendship University of Russia (RUDN University)RUDN Journal of Economics2313-23292408-89862023-12-0131219721010.22363/2313-2329-2023-31-2-197-21020998An economic project of regional integration in AfricaAicha Djeghar0University Constantine3 Salah BoubniderAccording to the latter’s 2022 report, foreign direct investment (FDI) to Africa reached $83 billion in 2021. This increase is due to the proportion of 45 % of the total linked to an intra-company financial transaction in South Africa. In reality, the global integration of Africa does not. Average global economic growth over the past twenty years has not exceeded 2.5 % (UNCTAD 2020). In the continent, globalization continues to be combined with a multitude of cooperation agreements and monetary unions. Globalization is seen as a process where Africa is a rich passive periphery in the hands of the powerful. The African Union recognizes that the plans it has developed have not achieved the expected objectives (Rapport UA 2020). Africa is still not integrated into the global economy. Underdevelopment continues to proliferate in the continent. Faced with this observation, a question arises: how then to boost the economic integration of Africa? This research aims to demonstrate the importance of reviving local development projects, because global integration must first go through African regional integration supported by African states themselves. There are strategic projects of development that could boost Africa’s development. This research aims to express the importance of the trans-Saharan road project in Algeria for regional integration. The method adopted is the descriptive one. We highlight the local riches of the country. The potentialities described in this intervention, constitute a part of the optimal economic environment of the trans-Saharan road. The project starts from the Mediterranean Sea crosses all the Algerian and then Nigerien territory to the Atlantic could be the stimulator that will boost African trade. In the economy of the 21st century, “The Trans-Saharan Highway” project is an opportunity for African and foreign investors to position themselves strategically and then concretize the regional and global integration of Africa.https://journals.rudn.ru/economics/article/viewFile/35275/22329development of africaalgerian economic recovery programforeign direct investmenttrans-saharan roadafrican economic exchanges |
| spellingShingle | Aicha Djeghar An economic project of regional integration in Africa RUDN Journal of Economics development of africa algerian economic recovery program foreign direct investment trans-saharan road african economic exchanges |
| title | An economic project of regional integration in Africa |
| title_full | An economic project of regional integration in Africa |
| title_fullStr | An economic project of regional integration in Africa |
| title_full_unstemmed | An economic project of regional integration in Africa |
| title_short | An economic project of regional integration in Africa |
| title_sort | economic project of regional integration in africa |
| topic | development of africa algerian economic recovery program foreign direct investment trans-saharan road african economic exchanges |
| url | https://journals.rudn.ru/economics/article/viewFile/35275/22329 |
| work_keys_str_mv | AT aichadjeghar aneconomicprojectofregionalintegrationinafrica AT aichadjeghar economicprojectofregionalintegrationinafrica |