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Role of ECOWAS union in the socio-economic development of West Africa - Essay Example

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This essay talks about the realities of the socio-economic situation in West African countries and the uneven economic relationships with particularly the Western, developed world. The paper examines role of the Economic Community of West African States in the African region, as well is in the world.
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Role of ECOWAS union in the socio-economic development of West Africa
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? Topic To What Extent Has the Creation of ECOWAS Benefitted the Socio-economic Development of West Africa? West Africa: At the World’s Mercy? Abstract Analysis surrounding the economies of West Africa, their political stances, and their trade policies form the basis of this essay. The world economy and West Africa’s part in it will be examined in this paper. The realities of the situation in West African countries and the uneven economic relationships with particularly the Western, developed world are the focus. It is proposed that the exploitative relationship which has existed between West African developing or underdeveloped countries and other developing countries since slavery and colonialism has not been fixed. Instead, initiatives such as Free Trade agreements within associations such as the Economic Community of West African States (ECOWAS) have no chance of success because of the nature of the trade balance which continues to exist between developing countries and the developed world. The conditions of West Africans and the socio-economic situation within the region are used to demonstrate that it is unlikely that ECOWAS will be able to address the conditions of the poor in West Africa. The essay concludes with a summary comment on the nature of the economic, political and power relationships between the countries of West Africa, as well as ECOWAS and the world. It draws the negative conclusion that current structures and initiatives have not been successful. Table of Contents Title Page 1 Abstract 2 Table of Contents 3 1. Introduction 4 2. Comments on the Literature 5 3. ECOWAS – Challenges to Regional Organizations in Africa 6 4. Historical Challenges 8 5. Current Challenges 10 6. The International Influence 13 7. The Developing World Solution? 16 8. Conclusion 17 9. References 19 Introduction Since the end of World War II the industrialized countries of the world have been befitting from consistently increasing world trade patterns (Sorensen, 2000). International trade fuels both national and the international economy, determining the wellbeing of individual States, and directly affecting the standard of living of the population of every country in the world. This essay seeks to establish whether the establishment of the Economic Community of West African States (ECOWAS) has helped or hindered the economic progress of the countries in West Africa, with particular focus on the socio-economic conditions of the populations in those countries. In West Africa, ECOWAS has the following member countries: Benin, Burkina Faso, Cape Verde, Cote d’Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo. This structure was set up to promote “cooperation and integration” leading to an economic union in West Africa “in order to raise the living standards of its peoples” (ECOWAS website, 2011). A Pan-African slant is also evident in that the intention to promote progress and development on the whole continent is explicitly stated. For a common market to occur; regional economic reform would have to take place; integration particularly in food, agriculture and natural resources was seen as vital. Furthermore the establishment of a common market through liberalization of trade among West African States was envisioned. An important aspect of the ECOWAS initiative is also to ensure a common external tariff and trade policy with regard to third countries, outside this initiative. Additionally, a stated intention in the ECOWAS revised treaty is to promote “balanced development” and a focus on the “special problems of each Member State particularly those of land-locked and small island Member States” (ECOWAS website, 2011).Thus the intention is to improve standards of living, improve Gross Domestic Product (GDP), improve Per-Capita Income (PCI) and generally improve West Africa’s trading position in a global economy for the citizens of this entire region (ECOWAS website, 2011). This has not happened. The elites – both within countries and within the region continue to be advantaged, while the poor continue to grow in number and in levels of poverty (see: Mutume, 2003, recounting the continuing difficulties of the cotton farmers in West Africa). All that is maintained is the advantage of the Western power blocs over the developing world, in the guise of aiming to stimulate and improve conditions in these countries (see: Axtell, 1994, Kennes, 1999, The Philadelphia Enquirer, 2005 and others). Comments on the Literature The economic principles, values and norms of the West are favored in the majority of writing about the economics of West Africa (African Trade Policy Centre, 2005, Briefings 4, 5 & 6; Axtell, 1994; Ball & McCulloch, 1999; Economist Intelligence Unit, 2006 and others). Unbiased information can be sourced, and shows the inequalities evident in the power and economic relationships between the West and West Africa (World Bank: World Bank Development Report 1997). The United Nations Organization (UNO) and African Trade Policy Centre (ATPC) publish Briefing documents showing that at least on the level of policy, the UN and the WTO want to create equilibrium in international trade (WTO, speech, 2007). Special and differential (S&D) treatment for certain countries aims to stop all forms of export competition, but benefits the developed countries extending time periods for the phasing out of all forms of export subsidies (ATPC, Briefing No. 5, 2005). Nonetheless, explicit S&D is communicated, to apparently ensure that developing countries are favored in trade with the West. It is also clear that a central difficulty in ensuring fair trade with Africa, including trade with West Africa, is the question of how to improve market access for agricultural and non-agricultural products from the developing country (ATPC, Briefing No. 6, 2005). The solution proposed is the increase of inter-country trade within West African Free Trade Agreement regions, and the other economic communities established in developing areas of the world (ATPC, Briefing No. 4, 2005; Adeyemi, 2002; EXPECT Initiative website, 2010 and others). ECOWAS – Challenges to Regional Organizations in Africa Regional integration to enable mutual benefit in the form of accelerated growth and development is very difficult within Africa as a whole (Maruping, 2005). Inevitably, and this has been the case in ECOWAS: disputes have arisen, as members have questioned policies which stray from the stated intentions of ECOWAS, and on occasion even perceived a loss of sovereignty due to certain aspects of agreements. The implementation of agreements between West African countries, including such as concluded in the establishment of ECOWAS, have failed due to the nationalist and self-preserving attitudes of the governments of West Africa (Maruping, 2005). Migration among the ECOWAS countries also complicates matters. The public sector cannot provide employment opportunities; the rural nature of the populations; and the high illiteracy rates mean that employment of about 70% of the labor force is in the subsistence agriculture sector. Thus poverty and population pressure lead to high migration rates. Added to this, the endemic conflicts and political and inter-country strife in the region have served to increase numbers of migrants (Adepoju, 2005). Migration has thus been a barrier to the aims of ECOWAS, and some restructuring of the ECOWAS agreements may serve to address this situation (Adepoju, 2005). Trade relationships between West African states and the rest of the world also play a role: an example of these relationships can be found in the document published by The European Commission, Directorate-General for Trade, and the Directorate-General for Development and European Commission Delegation in Nigeria, (2007), in which the nature of the proposed Economic Partnership Agreement (EPA) between the European Union and Nigeria is outlined. The roles of organizations such as the International Monetary Fund (IMF) and its goals and aims have relevance to the countries of West Africa. The need to enable balanced growth in all trade, and to eliminate cross-border currency restrictions are two specific aims of the IMF (Jonnaid, 1998). At the same time, American small and medium business enterprises are assisted to enter the export market, in a way contrary to the spirit in which the IMF formulates its intentions. Direct governmental advice to business in the USA is to encourage the removal of import barriers in host countries, and to take advantage of the credit and subsidy programs provided by the Federal Government of the USA as fully as possible (Axtell, 1994). The theoretical basis on which international trade is based implies that all trade should become multinational when comparative advantage can be gained: a company will be able to benefit from the exploitation of natural resources, or manufacturing possibilities in other countries (Venter, Erwee& De Lange, 2007.) Thus, statistical data and a majority of the literature examined for the purposes of this essay, show that trade continues to benefit the West. Regulations implemented by international bodies are ignored. It is necessary for economic growth in West Africa to be maintained at 5% per annum for at least 10 years to make a significant impact on the standards of living of Africans living in the region (Ford, 2005 and Onimode, 2009). One characteristic of trade between the west and Africa is predatory pricing policies. Price is used as a competitive weapon to drive competitors out of the international market (Hill, 2002). It is useless to hope for new forms of global economic differentiation and integration favoring African countries with qualitative economic thinking, rather than profit-driven motives (Christie, Lessam, &Mbigi, 1994). Historical Challenges Beyond the legacy of colonialism lie the continuing challenges faced by West Africa to find economic stability and a favorable balance of trade with the rest of the world. Within the ECOWAS, events have occurred to counteract the potential benefits of the system envisioned by the original treaty creating the economic and political alliance. The clear imbalance of wealth among signatory countries has been a problematic area. Adepoju (2005), as noted in the previous section, relates the specific events related to labor migration that occurred in the region. Recession in the region coincided with the implementation of the Protocol of Free Movement of Persons in 1980. But in Nigeria the economy boomed due to its earnings from oil. The migration of Ghanaians to Nigeria was extensive, and the oil boom in Nigeria served only to enrich the Nigerian elites. Thus a rapid deterioration of living and working conditions in Nigeria and the devaluation of the Nigerian currency caused the Nigerian Government to revoke Articles 4 and 27 of the abovementioned Protocol. Between 900,000 and 1.3 Million illegal immigrants were expelled from Nigeria in 1983. Similar events occurred again in 1985, when 200,000 foreign nationals – still from ECOWAS countries – were expelled from Nigeria. Thus two fundamental tenets of the original agreement have been all but destroyed: the right to free movement of citizens between ECOWAS states; and the economic protection of the smaller states. The share of intra-regional trade within ECOWAS should indicate an area in which some success has been achieved. Informal trade in the region has historically been robust, and national boundaries have not been considered too seriously in this trade for a very long time (Kennes, 1999). The share of intra-regional trade is, however, very low in West Africa: 11% as compared to 60% in, for example, the European Union (EU) (Adepoju, 2005 and Writer Unknown, 2010). Cross-border roadblocks, interference by customs officials, and expensive formalities at border posts in the region seem to hamper trade: thus the intentions of ECOWAS are countered by the reality on the ground of officials and local authorities seeking to extend their own power and wealth. The situation is further complicated by the low levels of international investment in the region. It has continued to be difficult to maintain peace and stability in the region, and this has contributed to the reluctance of major investors to spend funds in the region (Adepoju, 2005). Border disputes have occurred between Senegal and the then-member, Mauritania; between Ghana and Togo. The Liberian Civil War affected Sierra Leone, Guinea, Guinea Bissau and Cote d’Ivoire (Adepoju, 2005). The population displacements caused by these and other conflicts have left a continuing legacy of unemployment and instability in ECOWAS countries. Trade, it is claimed, has not played a “propulsive role” (Sodersten, 2000) for the growth of the ECOWAS countries. Since 1945, growth across the world has been steady and consistent. But it has been primarily the industrialized countries that have benefited from this growth. This is reflected by the growth of their share of world export markets: In 1960 – developed market economy countries had 66.3% of world trade; developing countries just 12.6% In 1970 – developed countries 71.9%; developing, 9.1% In 1980 – developed countries 65.5%; developing countries 7.6% (note that the decrease in share of trade during this period was only due to increased, in fact the boom, in demand for oil, that allowed particularly Middle Eastern countries to enter world markets on a more sustained basis) (Sodersten, 2000). Historically, unfavorable trade terms have been a major factor in the erosion of the market share of poor nations and world agricultural exports show that the share of developing countries in such exports fell from 40% in 1961 to 35% in one year (Mutume, 2003). The chief economist of the World Bank, Nicholas Stern, in 2003, is quoted as saying that it is “hypocritical” to try to persuade the world of the advantages of free trade and free markets (Mutume, 2003). Current Challenges At present, Africa holds approximately 14.5% of the world’s population, and it is predicted that by 2050, 27.4% of the world’s people will live in Africa (UNO website, 2011). However the Gross National Product Per Capita (GNP per capita) for West African countries still compares negatively to countries in Europe and North America. Below a table of sampled countries: GNP per capita: 1995 In US$ Average Growth Rates of GNP per capita: 1985-95 Country Annual Population Growth: 1985-95 41,210 1% Luxembourg 1.1% 26,980 1.4% USA 0.9% 270 2% Nigeria 3% 230 -0.1% Burkina Faso 2.8% 220 -2.1% Niger 3.2% Source: World Bank: World Bank Development Report 1997 It is only when GDP per capita growth occurs at a faster rate than population growth that an economy is expanding, according to Ball & McCulloch (1999). Thus, 25 years ago, it was evident that the economies of significant West African countries were in fact shrinking, from low base starts, while representative European and North American countries were growing significantly from already high bases. In 2007, growth in the Middle East and Africa was expected at 5.6%, but realized only 2% (EIU, 2008 and World Bank, 2007). In fact, by the end of 2007, the World Bank (2007) in its “World Development Indicators” publication, contended that the following countries (among others in the world) could still be ranked as “Low Income Economies” – i.e. the per capita Gross National Income (GNI) was US$825 or less: Burkina Faso; Cote d’Ivoire; Ghana; Liberia; Niger; Nigeria; Senegal; Sierra Leone; and Togo. In fact, this is a list of ECOWAS countries. Estimates are that the population of Africa as a whole will grow to over two billion people by 2050 (Hill, 2002) and that current life expectancy at birth: women – 40-49 years; men – 50.3 years, will continue to decrease (Onimonde, 2009). The proportion of 33% of the continent’s GDP being derived from agriculture and this forming 40% of the continent’s exports is not likely to change significantly. And notably, Ford (2005) estimated that in order for significant improvements in standards of living in Africa to be possible, growth of GDP has to be maintained at over 5% per annum. If trends thus continue as they have, even most recently, 39% of Africans will still be living in extreme poverty in 2015 (Ford, 2005). According to the United Nations Human Development Report of 2006 (Africa Online, 2011) Niger and Sierra Leone are still bottom of the list of developed countries in the world. Of the world’s thirty least developed countries, eighteen are west and central African. Even Nigeria (position 159 in the ranked nations of the world) and Cote d’Ivoire (position 164) are in the bottom thirty in terms of the Human Development Index (HDI). HDI figures reveal the conditions in West Africa still more clearly: Niger: 0.311 (out of a possible 1.0) Sierra Leone: 0.355 Mali: 0.338 Burkina Faso: 0.342 (Africa Online, 2011). Purchase power, life expectancy, access to education and extremely low Gross Domestic Product (GDP) per capita all influence these rankings. Mali and Burkina Faso, for example, have literacy rates below 20%, and school enrolment rates between 26 and 35%. Sierra Leone has a life expectancy rate at birth of only 41 years (Africa Online, 2011). Education is in crisis throughout West Africa, as indicated in a 2009 World Bank report (The Courier, 2009). There is a shortage of about 750,000 qualified primary school teachers in West Africa. Across primary and secondary education, 459,000 teachers are required in Nigeria, 39,000 in Burkina Faso and 18,300 in Sierra Leone. 14 million primary school aged children do not attend school in West Africa. And not one ECOWAS country has succeeded in reaching the targets promised by their ministers in 1999 – to spend 7% of the Gross National Product on the development of education (The Courier, 2009). Neither the economic agreements within West Africa, nor the international organization policies seem to make any difference. West Africa is hampered by its own internal conflicts, regionalism and corruption, while the Western world continues to insist only on securing economic benefits for itself. It is even more unlikely given the international economic downturn, beginning in the USA in 2008 and continuing to affect the world economy, that West Africa will be an international priority. The International Influence It is therefore not only the political conditions within West Africa, noted above, but also the international domestic policies of the stronger national economies that further disadvantage West Africa. In the USA, the Foreign Agriculture Services (FAS), the National Association of State Development Agencies (NASDA) and indeed the Federal Government continue to promote the expansion of American producers into foreign markets (Axtell, 1994). US farmers, for example, are able to access seed money and low interest rates, loans for shipment, labor, equipment and materials, and 100% export credit insurance at lowered rates to cover any potential losses, if they export their produce, or even establish their projects offshore. An obvious destination, thus, is West Africa, where the need for capital is great, and the restrictions on these unfairly competitive farmers are unenforceable in many instances. The overtures from the European Union to expand agreements and mutual trade between the EU and Nigeria, particularly, also give some insight into the intentions of the West (EU Commission, Directorate-General for Trade, Directorate-General for Development and European Commission Delegation in Nigeria, 2007, and EXPECT Initiative website, 2011). The statement that free access to European markets for Nigerian agricultural produce is certainly counterbalanced by the heavily subsidized farming industries in almost all farming countries in the EU. Another practice, which threatens effective balance between the ECOWAS countries and the developed world, is the phenomenon of “countertrade” (Storobin, 2005 and Axtell, 1994). Particularly in the USA businesspeople are encouraged to engage in a form of barter with developed countries: Third World countries need chemicals, fertilizers, pharmaceuticals and oil according to this source, and should then be prepared to barter for these with goods or with rights to produce goods in their countries (Axtell, 1994). It seems that the situation that existed in 2003 has not yet changed significantly. Declining agricultural prices – particularly cotton and sugar (both highly relevant to the ECOWAS countries) are due to increase in government subsidies paid to cotton farmers in the US and agricultural subsidies in the EU. Rich nations of the Organization of Economic Cooperation and Development spent about $360 Billion on agricultural supports during 2001, for a range of commodities and it is clear that subsidies foster unfair trade and flood world markets with cheap goods, thereby eroding commodity prices (Mutume, 2003 and The Philadelphia Enquirer, Staff Reporter, 2005). Indeed, the movement of exports into poorer nations at their expense could be seen as unwritten policy in the USA, when the advantages of offshore production and manufacture are so heavily subsidized by the Federal Government (Vedder& Galloway, 1997). The populations of West Africa – heavily reliant on being able to sell their farming produce both locally and on international markets – are unable to sustain their farming methods and their consequent income. Again, the disadvantaged are the already poor. Indeed, the movement of exports into poorer nations at their expense could be seen as unwritten policy in the USA, when the advantages of offshore production and manufacture are so heavily subsidized by the Federal Government (Vedder& Galloway, 1997). Mineral and natural resources available in West Africa suggest that the potential for economic prosperity in the region is great. Any progress toward such potential has been, and indeed continues to be, slow due to both internally unsuccessful free trade agreements, and the international economic realities. For the powerful countries in the region, economic prosperity is controlled by their elites; for the less powerful, it becomes even more impossible to provide a means of sustaining or improving standards of living (Adepoju, 2005). Economic theory argues that the formation of a trading bloc, such as ECOWAS in West Africa, should promote the ability of member countries to become more powerful and effective in the world-trading environment. In the case of ECOWAS, this has not been the case. The average yearly income of a West African is US$309 – compared to an average for sub-Saharan Africa of US$470. Over 55% of West Africans live on less than US$1 a day. Secondary school enrolment across the region is at 20%. 42% of adults are illiterate. Malnutrition affects 29% of children under 5 in the region. Five countries in West Africa are currently experiencing conflict situations: Cote d’Ivoire; Guinea-Bissau; Liberia; Nigeria; and Sierra Leone. About 63% of ECOWAS’s approximately 245 million people have access to safe water (Africa Online news, 2011). In attempting to redress the situation, it must be considered that the economic marginalization of West African countries has been due to the impact of slavery and colonialism; attrition due to poverty; continual rural-urban resettlement; the pan-African reduction in agricultural production; and an internal and inter-country conflicts over land – civil wars and cross-border conflicts in the region (Hill, 2002). But the effects of ongoing attempts by essentially western powers to create agreements and unions between themselves and the West African countries has also added to the challenges, rather than assisted in solving some of them. The failure of these, historically, can be attributed to: The external imposition of such policies; And consequently, the lack of ownership of such initiatives by the African countries; The ineffective management of resources – both financial, and natural (such as oil in Nigeria, noted earlier in this essay); Limited accountability from individual governments and from the regional organization authorities; and Inadequate monitoring and evaluation of the initiatives both by international organizations and the local organizations. (Hill, 2002). It is also difficult for ECOWAS to make too many demands on international organizations such as the WTO, as these organizations are inevitably heavily financially supported by the developed, industrialized countries. Members of ECOWAS are cash-strapped and dependent on debt and aid-relief from the Western and European nations. The unstable political conditions, historically ongoing since independence in West African countries, do not make for successful growth in regional or international trade (Nivet, 2006). Perhaps one option would be to negotiate for compensation for losses in earnings from industrial nations – a proposal made in 1993 already by the commissioner of Senegal’s State Cotton Enterprise. This has, however, to date not proven a successful strategy The Developing World Solution? Even such agreements as the Cotonou Agreement, with 48 African members (including the ECOWAS countries), 16 Caribbean, and 14 Pacific nation members, and the stated intention to facilitate greater inclusion of African, Pacific and Caribbean economies in the world economy, has failed to make significant progress (Onimode, 2009). It may this be that as Hill stated in 2002, Free Trade boosts national income at the expense of other countries and that this is particularly true when the trade is between economically unequal countries, such as those in West Africa – Nigeria, for example, would certainly have an economic advantage in any negotiation with Burkina Faso (Hill, 2002).ECOWAS should theoretically assist to improve the power-base from which West African countries can enter into trade agreements and partnerships, the strength of the Western trading blocs, such as the EU, and the US economy’s domination, has prevented the empowerment of West Africa. While the Common Agricultural Policy within the EU continues to benefit inefficient Farmers and the politicians who rely on the farm vote (Hill, 2002), very little will change in the balance of trade between ECOWAS and the EU, for example. Reform within the countries of West Africa, individually, is certainly necessary. Further, the individual member states must become more accountable to the agreements established by the ECOWAS initiative. Disputes between the countries of ECOWAS must be peacefully settled and the stability of the region must become a priority. All these internal necessities are given; and equally importantly the effects of trade agreements favoring the developed world must be faced, and addressed by world organizations. Free Trade in West Africa is not in any way improving the living standards of West Africans. Certain political and economic elites within the region are advantaged, but the population generally sees little advantage. Conclusion Economic and political power on a global stage continues to be centered in Europe and North America. There has been no real change in the international economic power relations after the Colonial Era, despite the growth of Asian economies. The relationship between West Africa and the central economic powers is highly influenced by history, and also by current political conditions in the countries of the region. Despite free trade agreements between the countries of West Africa, prosperity is not immediately, or perhaps even in the long term achievable. In the words of the joint statement against agricultural subsidies by cotton producers’ federations in Benin, Burkina Faso and Mali: “Frankly, we are starting to doubt whether rich countries really want to reduce poverty in developing countries" (Mutumi, 2003). The International Cotton Advisory Committee reports that the cost of producing a pound of cotton in Burkina Faso is 21 US cents compared to 73 cents in the US itself. State subsidies set minimum prices for US farmers, though, regardless of what happens to world prices. US farmers receive payments to top up their income to a target price level. Thus they continue to expand cotton production (by 42 per cent between 1998 and 2001). In 2003, partly due to the continuous flooding of the market by US cotton, world cotton prices fell to 42 cents per pound, far below the long-term average of 72 cents. During the 2001/02 season, the US government paid more to its cotton farmers in supports than the value of the harvested crop – $3.9 billion in subsidies for a crop valued at $3 billion (Mutumi, 2003). The only comparative advantage cotton growers in the US have is access to subsidies, without which they could not compete internationally. Similarly, the European Union subsidizes its farmers, and the product range extends significantly beyond cotton. In fact, there are no products produced in West Africa, except oil, which can compete on the international market. Oil is centered in Nigeria, and it has been shown that the Nigerian economy does not manage to stimulate the economies of the region. The ongoing regional conflict and inability to implement the aims and objectives of ECOWAS contribute to the lack of forward movement. Finally, the protectionist policies of the West, after the 2009 recession, have forced a revisiting of aid programs worldwide, and this source of income for West Africa is unlikely to increase in the foreseeable future (EXPECT website, 2011). It seems, in conclusion, that it is neither probable nor possible that free trade initiatives can increase the standard of living in West Africa, under current conditions. References Adeyemi, S. (2002)Fostering Regional Integration through NEPAD Implementation: Annual Report, 2002, of the Executive Secretary Dr. Mohammed IbnChambasAbuja: ECOWAS. Africa Online News (2011) West Africa Still World’s Least Developed Region available at http://afrol.com/articles/22506 Accessed December 1, 2011 African Trade Policy Centre (May 2005) Briefing No. 4 - The Multilateral Negotiations on Non-Agricultural Market Access published by The United Nations Organization: Economic Commission for Africa African Trade Policy Centre (May 2005) Briefing No. 5 - How to Strengthen the Development Issues in the Doha Development Round: A Synthesis of Proposals in Agriculture and NAMApublished by The United Nations Organization: Economic Commission for Africa African Trade Policy Centre (May 2005) Briefing No. 6 - The Economic and Welfare Impacts of the EU-Africa Economic Partnership Agreements published by The United Nations Organization: Economic Commission for Africa Ajepodu, A. (2005) Migration in West Africa: A Paper Prepared for the Policy Analysis and Research Programme of the Global Commission on International Migration Lagos: Human Resources Development Centre. Axtell, R.E. (1994) The Do’s and Taboos of International Trade: A Small Business Primer (Revised Edition) New York, Chichester, Brisbane, Toronto, Singapore: John Wiley & Sons Inc. Ball, D. & McCulloch, W. (1999) International Business 7th Edition Burr-Ridge: McGraw-Hill Christie, P., Lessam, R. &Mbigi, L. (1994) African Management: Philosophies, Concepts and Applications Cape Town: Oxford University Press Economist Intelligence Unit (2006) “The World in 2007” in Economist London: Economist Newspapers Ltd. ECOWAS Official website (2011) Archives: Economic Community of West African States (ECOWAS) : Revised Treaty available at www.ecowas.com. Accessed September 19, 2011 EXPECT Initiative website (2010) Homepage available at http://www.aidfortrade.ecowas.int/programmes/expect-initiative. Retrieved September 20, 2011. Ford, N. (2005) “What Does 2005 Hold in Store?” in Africa Business magazine, 305:15, January 2005 Hill, C. (2002) International Business: Competing in the Global Marketplace, Postscript 2002 New York: McGraw-Hill Higher Education Jonnaid, C.M. (1998) International Business and Trade: Theory, Practice and Policy Boca Raton, Boston, London, New York, Washington D.C: St. Lucie Press Kennes, W. (1999) “African regional economic integration and the European Union” in Regionalization in Africa: Integration and Disintegration Bash, D. (ed.) Cambridge: James Currey Publishers Marupung, M. (2005) Chapter 11 from: Africa in the World Economy - The National, Regional and International Challenges Available at www.fondad.org. Accessed September 19, 2011 Mutume, G. (2003) “Mounting opposition to Northern farm subsidies: African cotton farmers battling to survive.” In Africa Recovery, Vol.17 #1 (May 2003): 18 Nivet, B. (2006) “Security by proxy? The EU and (sub-)regional organizations: the case of ECOWAS” from Occasional Paper No. 63, March 2006, Brussels: European Union Institute for Security Studies Onimode, B. (ed.) (2009) Africa development and governance strategies London: Zed Books Profile: Economic Community of West African States from the Africa-Union website available at http://www.africa-union.org/Recs/ECOWASProfile.pdf. Accessed September 16, 2011 Sodersten, B. (2000) International Economics, 4th Edition Hong Kong: The Macmillan Press Ltd. Storobin, D. (2005) In Defense of Globalization, Free-Trade and Free-Market on the Global Politician website available athttp://www.globalenvision.org/library/15/723. Accessed September 18, 2011. The Courier: Issue N? XII (N.S.) - July/August 2009 The Philadelphia Enquirer, Staff Reporter (2005) Free Trade Has Devastated Ghana’s Economy available at http://www.modernghana.com/news/81060/1/free-trade-has-devastated-ghanas-economy.html. Accessed September 19, 2011. The European Commission, Directorate-General for Trade, Directorate-General for Development and European Commission Delegation in Nigeria, (2007) Nigeria and the European Union Trade for Development: An Introduction to the Economic Partnership Agreement (EPA) Luxembourg: Office for Official Publications of the European Communities United Nations Organization (UNO) website (2011) World Population Statistics available at www.un.org/esa/population/publications/wwp2006.htm. Accessed September 15, 2011 Vedder, R. & Galloway, L. (1997) Out of Work, Unemployment and Government in Twentieth-Century America New York: New York University Press Venter, D., Erwee, R, & De Lange, R. (2007) “Global Business: Environments and Strategies “in Managing for Global Competitive Advantage. Hough, J. & Newland, E. (eds.) Cape Town: Oxford University Press Writer Unknown, (2010) Regional Integration in Africa available at http://www.fao.org/docrep/004/y4793e/y4793e0a.htm. Accessed September 17, 2011 World Trade Organization (WTO) (2007) WTO News: Speeches – DG Pascal Larny: Bangalore, India, 17 January 2007 available at www.wto.com. Accessed September 16, 2011 Read More
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africa is the home to Negroes,an archaic racial people of high melanin content mainly of African origin.... This was also the time when Europeans commenced colonisation of the American continent and a very profitable slave trade flourished from africa to meet the enormous demand of manual labour of the colonisers.... By 1870s explorers and missionaries started adventuring into the deep jungles of africa.... The sharing of the 'African Pie' was amicably settled through the Berlin Conference of 1884-85 whereby africa was apportioned by the European powers without any regard to the lie of the land or the psyche of the natives....
22 Pages (5500 words) Research Paper

Kenya's Trade Policies

The paper “Kenya's Trade Policies” traces country's aspirations to integrate its informal retail operators into the formal sector and develop sustainable businesses through research and development programs, security of tenure, training, credit extensions and linkages with local and global markets....
16 Pages (4000 words) Coursework

Globalization in the Context of Ghana Development Prospects

This report analyses the effects of the politics of globalization on Ghana's competitive standing on the global arena via an in-depth conceptual interrogation of its foreign policy, its adjustments to the G-Zero world and the role of identity and diasporic politics on its economic development.... This report analyses the effects of the politics of globalization on Ghana's competitive standing on the global arena via an in-depth conceptual interrogation of its foreign policy, its adjustments to the G-Zero world and the role of identity and diasporic politics on its economic development....
6 Pages (1500 words) Report

How Much Is Rwanda Attractive for Investors

There were also those whose major trade focused on the production of pottery and iron tools (African development Bank 78).... The paper tries to predict the degree of Rwanda's investment attractiveness for transnational brands taking into account that more than half of the population is below the poverty line....
25 Pages (6250 words) Term Paper

AU Policy on Boko Haram

This agreement at the 24th AU Summit is a marked shift in Nigerian policy about the AU's role in fighting Boko Haram.... The paper "AU Policy on Boko Haram" discusses that any attempt to fight Boko Haram in Nigeria and its Northern border regions must take into consideration diplomatic efforts, both with Boko Haram cells and with neighbouring countries where foreign Boko Haram fighters stream into Nigeria....
5 Pages (1250 words) Essay
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