Britain and France
had ruled the different counties of West
Africa during the colonial era the different nations were more or less forced to specialized in the production
of the raw materials needed by the
industries in Britain and France. Industrialization
was least pursued . after these
counties had regained political
independence they continued to
produce mainly these raw materials, may
be because of structural difficulties involved
in switching production to new lines, despite the fact that the fluctuating demand for these products
have persistently
led to fluctuations in
prices of the products. This very much has affected the income earning power of the
different countries . In order to ameliorate the situation one would
suggest that the economics should be
restructured in such a way that
what is produced is what best
helps us to improve our
income earning power
References
L.C Ezeaku (1997) Positive Discussions in Economic
Uruowulu
Obosi, Pacific College Press Ltd
Black
J. (1997) Oxford Dictionary of Economics
. Oxford : Oxford
University Press.
Report
of the Conference of FAO 4th Session. Washington D.C,
November 1984
A.G Frank, “ The
Development of Underdevelopment”
Development. Hooool comesta??? Critical Concepts in the
Social Sciences (2005)
Underdevelopment
of Countries. World Problems Issue
Online