| Since 2003, the NEPAD Comprehensive Africa Agriculture Development Programme (CAADP) has been endorsed by African Heads of State and Governments as a vision for the restoration of agricultural growth, food security, and rural development in Africa. The program aims at stimulating agriculture-led development that eliminates hunger and reduces poverty and food insecurity. As pointed out by Etro (2001), the creation of a union or adoption of a common agenda should move the equilibrium toward the first best solution whenever policies generate spillovers. This arises because the ability of a common agenda to reduce the scope of free-riding behavior among member countries. In addition, increasing world market integration leads to more externalities which call... |
