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

220 Pages·1996·11.29 MB·English

by  R Omotay Olaniyan

FOREIGN AID,
SELF-RELIANCE, AND
ECONOMIC DEVELOPMENT
IN WEST AFRICA
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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.
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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
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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