By R Omotay Olaniyan
This publication is a penetrating comparative research of the industrial improvement efforts of West African international locations. It seeks to light up the gray parts in improvement and to stress the proper activities that are meant to be taken in any respect degrees within the rising overseas financial system to make sure sustainable improvement. Olaniyan examines conceptual and theoretical difficulties of international reduction and monetary improvement, in addition to the restrictions of the idea that of self-reliance. The ebook additionally includes a comparative research of the interior and exterior improvement difficulties linked to West African nations, together with problems of collective self-reliance on the subregional point. Olaniyan concludes that there are customers for sustainable improvement within the quarter, specifically whether it is internally generated.
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But it would seem that Cote d'lvoire may benefit well by seeking improved relations with Canada, Japan, and the United States, which have shown interest in its economic development through somewhat increased bilateral flow. The more the content of grant elements, the better would be the prospects for economic growth and development. Gambia Gambia represents one of the feeble anglophone West African countries. 7 The economy has, since independence in 1965, experienced a somewhat modest growth. These gains in growth were, essentially, utilized for the expansion of the public sector; in particular, of government industries, education, health, public works, and agriculture.
M. Meier, The International Economics of Development, Theory and Policy (London: Harper and Row, 1968), p. 95. 3. T. J. Biersteker, "Self-Reliance in Theory and Practice in Tanzanian Trade Relations," International Organization, 34(2), Spring 1980, pp. 235-236. 4. For details, see J. , Self-Reliance: A New Development Strategy (London: Bogle-L'Ouverture, 1980). 5. J. A. Schumpeter, The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest and Business Cycle (Cambridge: Harvard University Press, 1934), pp.
26 Foreign Aid and Self-Reliance in West Africa 34. , p. 235 35. UNECA, \Jlan of Action for the Implementation of the Monrovia Strategy for the Economic Development of Africa, E/CN. l, p. 4. 36. , p. 4. 37. R. Omotayo Olaniyan, "Nigeria and Economic Community of West African States: A Role and Problem Analysis," in G. O. Olusanya and R. A. ), Nigeria's External Relations: The First Twenty-Five Years (Ibadan: University Press Limited, 1986), pp. 129-130. 38. , pp. 134-136. 3 Foreign Aid in West Africa INTRODUCTION Many West African countries entered the second half of the 1970s with considerable handicap as a result of the oil price shock of 1973.
