A process of regional integration that often occurs among neighboring nations. Itincludes seven stages: a preferential trading area, a free trade area, a customs union, a common market, an economic union, an economic and monetary union, and complete economic integration.
Published in Chapter:
India-Africa Trade and Investment Cooperation for Economic Development
Rajender Singh Godara (Lovely Professional University, India), Mohamad Aslam (Lovely Professional University, India), Gaibul Preet (Lovely Professional University, India), and
Sushanta Kumar Mahapatra (The ICFAI Foundation for Higher Education (IFHE) (Deemed), Hyderabad, India)
Copyright: © 2020
|Pages: 15
DOI: 10.4018/978-1-7998-1730-7.ch005
Abstract
India and Africa have a long partnership history of cooperation for economic development by trade and investment. This framework has become an essential component for development in Africa. Africa is an emerging investment and trade destination due to a large consumer market, high potential of economic growth, improving the business environment and investment regulations, and high rates of return on investment. The depth of relation of India and Africa has been reflected in the patterns of trade and investment, as well as people-to-people interactions, cultural exchanges, and cooperation at the continental and at the regional and bilateral levels. This chapter examines investment and trade patterns of India-Africa collaboration in the contemporary era of globalization. The study is based on empirical and conceptual aspects by using secondary data. An analysis uses appropriate econometric tools to make the study more relevant.