AN EVALUATION OF TRADE LIBERALISM AND AFRICA DEVELOPMENT

Abstract

Most African countries are still battling with social and infrastructural underdeveloped. The paper tries to work and anaylse African societies on the premise that African economy can be enhanced towards attaining development. The challenges of trade liberation which is centered on African 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 other to have good trade policies in Africa, WTO had to be formed to organize trade agreement and other trading policies to organized African countries trading system. In trade liberalization, it involves restriction on barriers on the free exchange of goods between African Nations. The paper looks at how trade liberalization has also impacted on African economic development both the negative and positive sides.