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Foreign Aid, Self-Reliance, and Economic Development in West Africa: PDF

220 Pages·1996·11.29 MB·English
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FOREIGN AID, SELF-RELIANCE, AND ECONOMIC DEVELOPMENT IN WEST AFRICA This page intentionally left blank FOREIGN AID, SELF-RELIANCE, AND ECONOMIC DEVELOPMENT IN WEST AFRICA R. Omotayo Olaniyan FMEGER Westport, Connecticut London Library of Congress Cataloging-in-Publication Data Olaniyan, R. Omotayo. Foreign aid, self-reliance, and economic development in West Africa / R. Omotayo Olaniyan. p. cm. Includes bibliographical references and index. ISBN 0-275-95501-X (alk. paper) 1. Economic assistance—Africa, West. 2. Sustainable development— Africa, West. 3. Africa, West—Economic policy. I. Title. HC1000.O43 1996 338.966—dc20 96-10425 British Library Cataloguing in Publication Data is available. Copyright © 1996 by R. Omotayo Olaniyan All rights reserved. No portion of this book may be reproduced, by any process or technique, without the express written consent of the publisher. Library of Congress Catalog Card Number: 96-10425 ISBN: 0-275-95501-X First published in 1996 Praeger Publishers, 88 Post Road West, Westport, CT 06881 An imprint of Greenwood Publishing Group, Inc. Printed in the United States of America The paper used in this book complies with the Permanent Paper Standard issued by the National Information Standards Organization (Z39.48-1984). 10 9 8 7 6 5 4 32 In order to keep this title in print and available to the academic community, this edition was produced using digital reprint technology in a relatively short print run. This would not have been attainable using traditional methods. Although the cover has been changed from its original appearance, the text remains the same and all materials and methods used still conform to the highest book-making standards. To My Wife, Grace Olufunke Olaniyan and Children, Oluwatoyin, Olayemisi, Oluwadamilola, and Oyebola Olaniyan. This page intentionally left blank Contents Abbreviations ix Acknowledgments xiii 1. Introduction 1 2. General Theories of Foreign Aid and Economic Development 13 3. Foreign Aid in West Africa 27 4. Self-Reliance in West Africa 97 5. Critical Issues in Foreign Aid, Self-Reliance, and Economic Development 127 6. Conclusion 179 Selected Bibliography 187 Index 197 This page intentionally left blank Abbreviations ACP African, Caribbean, and Pacific States ADB African Development Bank ADF African Development Fund AID Agency for International Development BCB Banque Beninoise pour le Development BIAO Banque Internationale pour PAfrique de TOuest BNP Banque Nationale de Paris CARICOM Caribbean Community CEAO Communaute Economique de T Afrique Occidentale (West African Community) CEDEAO Communaute Economique des Etats de PAfrique de TOuest CIDA Canadian International Development Agency CILSS Commite Permanent Inter-Etats de Lutte contre la Secheresse dans le Sahel CMB Cocoa Marketing Board CMEA Council for Mutual Economic Assistance COMESA Economic Community of Eastern and South

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This book is a penetrating comparative analysis of the economic development efforts of West African countries. It seeks to illuminate the grey areas in development and to emphasize the appropriate actions that should be taken at all levels in the emerging international economy to ensure sustainable
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