oa South African Journal of Economic and Management Sciences - Overcoming the development problem of the nation-state in Africa through regionalism
Regionalism, of which the European Union is a successful example, has also been adopted by several African countries. The economic problems to be overcome here, more often than not include a sparse population, small internal markets, deficient infrastructure and economies vulnerable to fluctuating world prices. A further rationale for regionalism is more explicitly political in nature. Meeting the challenges of African development through a strategy of regionalism has been an enormous task in the past, and while there may be grounds for pessimism, this paper views the future with guarded optimism.
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