Geography & History Notes | KCSE, NECTA, ZIMSEC & GCSE

  Trading Blocs in Africa.   The common market for Eastern and Southern Africa (COMESA) The East African co-operation (EAC). Southern African Development community.  (SADC) Economic Community of West Africa.   (ECOWAS)   The following are Benefits of trading blocks: They create a large market for goods to be bought and sold. They help to create harmony and co-operation among the member states. The reduction of tariffs makes the goods cheaper to the people in the regions. The expanded market for goods has promoted industrial development as the demand for goods increases. Interstate trade has encouraged the development of transport and communications. The trade between the countries has created job opportunities which have led to a high standard of living. Trade in the region has stimulated agricultural development. Has reduced the reliance of countries in Africa on goods and services from other parts of the world. They have made it easier for goods to...

  The countries spend more of their foreign exchange on the importation of oil, thus negatively affecting other sectors of their economies There has been increasing cost of transport causing a rise in the cost of movement of both people, goods and services Production costs have increased leading to an increase in prices of commodities thus reducing the demand on the commodities Some industries that rely on by- products of petroleum have collapsed leading to redundancy and unemployment The countries have experienced low economic growth leading to general poverty among the citizens It has led to the need to establish/ look for cheaper sources of energy to replace/ supplement the oil It has created an awareness on the need to conserve energy The countries with oil potential have started exploring the possibilities of drilling their own oil to reduce/ stop importation. RELATED POSTS 9 CONDITIONS FAVOURING IRRIGATION FARMING IN EGYPT 5 CAUSES OF RURAL-RURAL MIGRATION IN KENYA 10 AIMS...