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| Analysing the impact of regional economic integration on economic transformation, a case of SADC.
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Takudzwa Wayne Mhaka, Patience Mwaka Namfukwe, Souleymane Maman Adda
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Abstract:
This study investigated the impact of regional integration on economic transformation in the Southern African Development Community (SADC) by examining the specific mechanisms and pathways through which regional integration influenced GDP growth rates, investment flows (particularly FDI), and industrialization. A descriptive research design was employed, utilizing secondary data sources such as websites, academic journals, and government publications. Data analysis involved organization, cleaning, and statistical analysis using software like Excel or SPSS, including descriptive statistics and regression analysis. The main findings of the analysis are that regional integration within SADC positively impacts GDP growth rates, increases foreign direct investment (FDI) percentages, and promotes industrialization. The analysis shows that trade liberalization, attracting FDI, and policy coordination contribute to economic growth. However, slow progress in regional integration and changes in global economic conditions can hinder growth. The findings highlight the importance of advancing regional integration, reducing trade barriers, and harmonizing policies to maximize the benefits of GDP growth, attract FDI, and promote industrial development. Further research and policy attention are needed to fully understand and harness the potential of regional integration in SADC
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