The small size of many African countries is a major obstacle to Africa’s economic and social development, a source of the continent’s extreme vulnerability, and one of the leading factors of its external dependence. The rationale for regional integration in Africa reflects the desire to deal, in one way or another, with the perceived growth-retarding constraints inherent in small markets. The importance of economic co-operation for Africa derives mainly from the opportunities that emanate from integrating the markets of individual countries in the continent.
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