THE POVERTY TRAP: AN ANALYSIS OF THE CONTRIBUTION OF MULTILATERAL AND REGIONAL INSTITUTIONS TO THE POOR ECONOMIC AND SOCIAL PERFORMANCE OF WEST AFRICAN COUNTRIES

Taiane Las Casas Campos, Alexandre Cesar Cunha Leite

Abstract


This paper analyzes the conditions for seven countries located on the West African coast to practically set growth and economic development policies in order to overcome what we call the poverty trap. These countries could seek at the regional and multilateral levels the resources needed to overcome their backwardness. However, we identified that the main policy proposed by these institutions for these countries, which was trade liberalization, not only maintained the condition of being exporters of natural and agricultural resources and were unable to generate sufficient employment and income to overcome their poverty.

Keywords


Development; Africa; Poverty Trap



DOI: https://doi.org/10.22456/2238-6912.97427

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AUSTRAL: Brazilian Journal of Strategy & International Relations  e-ISSN 2238-6912; ISSN 2238-6262  Published by the Brazilian Center for Strategy & International Relations.
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