Cover: Economic union in East Africa: an evaluation of the gains

Economic union in East Africa: an evaluation of the gains

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An examination of the prospective gains from continued economic integration in East Africa, limited to the effect of the East African Common Market on investment in manufacture. The real importance of the Common Market relates to its role in that future stage of East African growth when labor becomes a scarce, skilled, and specialized source. Then the opportunities for interterritorial specialization and trade will be greater. Along with opportunities for economies of scale, this might mean that the Common Market will then contribute a higher percentage to a greater East African income.

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