Turning back to the case of Africa, it seems that the combination of heterogeneity (both cultural and economical), the larger number of initial participants and the proliferation of overlapping integration initiatives implies special challenges for devising clear and credible decision-making structures to support integration process.
Ignazio Visco: Global imbalances in the financial crisis and the international monetary system Distinguished lecture by Mr Ignazio Visco, Deputy Director General of the Bank of Italy, at the XVIII International “Tor Vergata” Conference on “Money, Banking, and Finance”, Rome, 4 December 2009.