African Unity the Organization for Essay

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It also represents a series of extremely ingrained economic problems. The African Union proceeds from the OAU's ambition to bring some level of cohesiveness to the fiscal and monetary policies driving the continent. Like the EU and APEC before it, the AU takes the position that in the scheme of globalization, its interests are likely best represented in some mode of unity. Accordingly, we find that "economic and monetary union is one of the aims of the African Union. Current African development initiatives envision regional integration in the context of effective macroeconomic management and corporate governance, and enhanced partnership between Africa's best- performers and international development partners.

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This entails promoting increased regional trade and convergence of monetary policies." (Amoako & Essy, p. 4)

This more concrete orientation suggests that in many ways, the AU would be a natural point in the evolution of the modern African continent, bringing greater practical specificity to the conceptual development produced by the OAU.

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