AFRICAN ECONOMIC DEVELOPMENT AND THE CHALLENGES OF TRADE LIBERALIZATION

Bartholomew Nkem Nzenwa (PhD), Godwin N. Nweze

Abstract


This paper is focused on how Africa Economy is trying to ascertain development. In some African countries they are still underdeveloped. This research world is entails how African economy can be developed and centers on Africa economy, because of trade when there are taxes or tariffs on import, it would make the economy not to be well structured. The challenges of trade liberalization are positive impacts on African economy development. In order to have good trade policies in Africa WTO has to be formed to organize trade agreement and other training policies to organized African countries trading system. In trade liberalization it involves restriction on barriers on the free exchange of goods between nations. In our research work we will look at how trade liberalization has also impacted on African Economic development both the negative and positive sides.

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