The Significance of Common Currency to the Success of Economic Integration

Authors

  • Oladele Omosegbon Indiana Wesleyan University

DOI:

https://doi.org/10.33423/jabe.v20i5.365

Keywords:

Business, Economics, Finance

Abstract

All of the Regional Economic Communities, REC, in Africa, including the Economic Community of West African States, ECOWAS, have been struggling with the creation of a common currency since inception. But common currency is a necessary condition for an economic community to exist. Without economic union, Africans have been in currency unions before. The ascendancy of Africa in the world stage and the main path to avoid a stunted development as revealed in its logistic population growth, are going to depend on the size of its economy and in the use of a common currency.

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Published

2018-09-01

How to Cite

Omosegbon, O. (2018). The Significance of Common Currency to the Success of Economic Integration. Journal of Applied Business and Economics, 20(5). https://doi.org/10.33423/jabe.v20i5.365

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Section

Articles