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The Regional Economic Communities (RECs) in Africa group together individual countries in subregions for the purposes of achieving greater economic integration. They are described as the "building blocks" of the African Union and are also central to the strategy for implementing the African Development Development Agency (AUDA-NEPAD).
Below is a list of countries in Africa by area. [1] Algeria has been the largest country in Africa and the Arab world since the division of Sudan in 2011. The largest African country not located in the Arab world is the Democratic Republic of the Congo located in Central Africa, which is also the second largest in the continent.
International political economy (IPE) is the study of how politics shapes the global economy and how the global economy shapes politics. [1] A key focus in IPE is on the power of different actors such as nation states, international organizations and multinational corporations to shape the international economic system and the distributive consequences of international economic activity.
At present, three sovereign monarchies are members of the African Union: Eswatini (ruled by King Mswati III, with Ntombi), Lesotho (ruled by King Letsie III), and Morocco (ruled by King Mohammed VI of Morocco).
Africa’s share of global GDP has stagnated at 3.1% over the last two decades, with slow income convergence with developed nations. [66] [67] Despite better market conditions in 2024, access to finance remains a significant barrier to development. In sub-Saharan Africa, private sector credit dropped from 56% of GDP in 2007 to 36% in 2022. This ...
The MENA region has vast reserves of petroleum and natural gas that make it a vital source of global economic stability. According to the Oil and Gas Journal (January 1, 2009), the MENA region has 60% of the world's oil reserves (810.98 billion barrels (128.936 km 3 )) and 45% of the world's natural gas reserves ( 2,868,886 billion cubic feet ...
African Political Systems is an academic anthology edited by the anthropologists Meyer Fortes and E. E. Evans-Pritchard which was published by Oxford University Press on the behalf of the International African Institute in 1940.
West Africa, also known as Western Africa, is the westernmost region of Africa.The United Nations defines Western Africa as the 16 countries of Benin, Burkina Faso, Cape Verde, The Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone, and Togo, as well as Saint Helena, Ascension and Tristan da Cunha (United Kingdom Overseas Territory).