By Adebayo Olukoshi
A concise research reading many of the developments and structural elements within the contemnporary political financial system of West Africa, assessing how they'll impact the desires and features of the sub-region's nations to accomplish a extra swift approach of democratic govt and reply to the calls for of globalisation. It offers an summary of the area's improvement matters, together with the clients for nearby co-operation/integration, the $64000 geo-political and financial function performed via France in West Africa, altering varieties of renowned identification, and Islam and its transforming into impression. It argues that during this age of intensifying globalisation, West Africa's destiny centres round the selection among the pursuit of nationwide innovations, and nearer nearby co-operation, the political won't withstanding.
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Extra info for West Africa's Political Economy in the Next Millenium: Retrospect and Prospect (Bellagio Studies in Publishing, 9, 9)
Added to these are the innumerable town/community development associations/unions for which West Africa, especially its Anglophone component is famed. These associations/unions, though set up to serve a developmental purpose fed into the process of the ‘thickening’ of West African civil society as did the establishment, by the ‘educated elite’/les assimilés, of independent newspapers. 29 West Africa’s Future Prospects: The Pessimists Versus the Optimists In seeking to come to terms with the West African scene in all of its complexity and variety, scholars engaged in overview analyses of a retrospective/prospective kind have tended to fall into two broad categories.
Apart from the fact that no region of the world has ever developed on the basis of an unregulated market, there is a danger of focusing excessively on incentives that are geared towards the narrow interests of portfolio investors to the detriment of the kinds of long-term investment which the sub-region should be aiming to attract and for which a role for the state is indispensable. Furthermore, West Africa’s capacity to respond to the forces of globalisation will be enhanced by a more systematic effort at promoting the investment activities of local entrepreneurs, especially those that enhance the sub-region’s productive base in agriculture and industry.
Sub-Regional Peace-Keeping Following the onset of the Liberian civil war in the early 1990s, attempts were made to give teeth to the ECOWAS security and defence pact in order to stem the descent into anarchy in that country. The issue was, however, a highly divisive one since several countries, especially those supporting Charles Taylor, were suspicious of Nigeria’s intentions given that it had initially openly sup- 26 ported the dictatorship of Samuel Doe. The Nigeria-led ECOWAS Monitoring Group (ECOMOG), which was eventually formed to serve as a peace-keeping force in Liberia was controversial from the outset, outrightly opposed by Côte d’Ivoire, Burkina Faso and several other Francophone countries.