By J.A. Lozoya, H. Cuadra, Jorge Lozoya, Hector Cuadra
Africa, the center East and the hot foreign financial Order discusses the connection among the socio-economic improvement of Africa and of the center East. Divided into components, this ebook first discusses the Sub-Saharan Africa and the recent foreign fiscal Order (NIEO), after which tackles North Africa, the center East, and the hot overseas financial Order.
The first bankruptcy tackles constraints and possibilities for the NIEO in Sub-Saharan Africa, whereas the second one bankruptcy covers the Sub-Saharan political and monetary constructions and the NIEO. The 3rd bankruptcy discusses the nationwide improvement paths in Sub-Saharan Africa and the fourth bankruptcy is set the transnational company in Sub-Saharan Africa, with designated connection with the Ivory Coast. bankruptcy five considers the NIEO in North Africa and the center East; bankruptcy 6 tackles the hindrances to the institution of the NIEO within the center East and North Africa. The 7th bankruptcy matters itself with the social and cultural features of the NIEO within the center East, and the 8th bankruptcy discusses the commercial selection of the Arab nations and the NIEO. The final bankruptcy stories the overseas alternate of North African and the center japanese nations and the NIEO.
This ebook can be of serious curiosity to economists, marketers, sociologists, or even political analysts, because it covers the socio-economic elements of a unstable area, which may have a superb influence at the international financial system.
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Extra info for Africa, the Middle East and the New International Economic Order
This is especially so as the last two decades, which have witnessed the struggle for political independence of African nations, have also seen the converse movement toward the formation of larger economic units (with some possibilities of political unity) in other parts of the world; notably in Europe. The fact that African nationalism, the varied ideological cleavages, and the diversity of interests on the continent prevent the rapid development of similar unifying forces and structures (with the exception of the OAU, the ECO WAS, and the OATUU) can well constitute an obstacle to their future development; they are in a weak bargaining position vis a vis the developed countries and, even more importantly, the transnational corporations.
The agricultural sector accounts for approximately half the output of the region; and between 60 and 90 percent of its labor force is mainly engaged in cultivating primary agricultural exports such as coffee, tea, sisal, cotton, palm oil, and cocoa. (9) Notwithstanding the adverse effect of the drought in the Sahel region, colonial and postcolonial agricultural policies, which have emphasized the production of cash crops for export to the detriment of production for local consumption, have certainly contributed to the present food crisis.
Indeed, Africa's principal economic asset is the abundance of its natural resources which could constitute an ample base for industrialization. Possibly the most important obstacle to the rapid industrialization of the continent is the relatively poor take-off base of most of these countries, given their generally low levels of economic development and the lack of an appropriate socio-economic environment for industrial growth. These include a weak agricultural base which is expanding slowly, if at all; inadequate and expensive transportation systems; poor infrastructures and restricted markets due to low population densities; the high incidence of rural poverty; and, again, the low level of development in other sectors of the economy.