Download This PaperRegional Integration in Africa through the Harmonisation of Laws
REGIONAL INTEGRATION AND POLICY CHALLENGES IN SUB-SAHARAN AFRICA, Adam Elhiraika, Allan Mukungu & W. Nyoike (eds.), Palgrave Macmillan, pp. 109-123
2 Pages Posted: 15 May 2014 Last revised: 26 Feb 2015
Date Written: December 16, 2013
Abstract
Domestic laws on the African continent have been considered inadequate to attract the investment needed for development and economic growth. A crucial catalyst in attracting investment on the continent is law reform. The formulation of legislation has twofold effects: firstly, it is perceived to mitigate the risks associated with doing business in Africa; secondly, it legally obligates African governments to comply with standards of protection accorded to international investors through the regulation of the business environment. The formulation of legislation is a key determinant of the quality of investment attracted to the continent. This Chapter assesses how the Organization for the Harmonization of African Business Law (OHADA) has contributed to regional integration and economic growth on the continent.
Keywords: OHADA, Institutions, Regional Integraton, Law Reform, Africa
JEL Classification: K33, F02, F15, F33, K00, O19, P26
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