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Regional Integration
Regional integration remains the key strategy that will enable African A
governments to accelerate the transformation of their fragmented small
economies, expand their markets, widen the region’s s economic space, and
reap the benefits of economies of scale for production and trade, , thereby
maximizing the welfare of their nations. Regional integration increases
competition in global trade and improves access to foreign technology,
investment, and ideas. . African leaders thus consider it an important path to
broad‐based based development and a continental economic community, in
accordance with the Treaty Establishing the African Economic Community
munity
(1991) and the Constitutive Act of the African Union (2000).
IV
Assessing Regional Integration in Africa
UNECA October 2010