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ECOWAS: Towards Autonomy or Neo-Colonialism?

  • S. K. B. Asante

Abstract

Today, countries often group together in an effort to expand their economic space. The phenomenon is occurring among rich and poor countries alike, in both socialist and capitalist systems. This worldwide trend has not arisen capriciously. It is in response to economic and political realities. The challenge is especially urgent for countries in the developing world with small populations and limited internal markets. Their situation is aggravated by their historical and involuntary integration into an international capitalist system of market relations within which they occupy a subordinate position. This structurally induced inequality continues to be reflected in the adverse and degenerating terms of trade between themselves as primary producers and their industrialised trading partners.

Keywords

Foreign Capital World Politics West African Country West African State Franc Zone 
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Notes

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Copyright information

© Ralph I. Onwuka and Timothy M. Shaw 1989

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  • S. K. B. Asante

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