Vol. 2007 No. 1 (2007)
Informal Cross-Border Trade Dynamics within ECOWAS in Senegal: A Societal Nexus Analysis
Abstract
Informal cross-border trade (ICT) plays a significant role in regional integration within ECOWAS, particularly in Senegal where it contributes to economic diversification and poverty reduction. The research employs a mixed-methods approach combining qualitative interviews and quantitative surveys to analyse data from over 300 traders across Senegal’s border regions. A notable proportion (45%) of surveyed traders reported increased revenue due to cross-border trade, highlighting its economic benefits for local economies. The findings underscore the importance of formalizing ICT in ECOWAS to enhance regional integration and socio-economic development. Policy recommendations include fostering a regulatory framework that supports sustainable growth while mitigating risks associated with informal trade practices.