The African continent consists of 54 countries, yet much of the world outside of the African continent regards the African continent as a single country. This has led to controversial immigration policies, disparate foreign investment, clandestine military operations in African countries, reduced tourism, and other ill effects. West Africa needs to resolve issues that are contributing to the slowing down of the Global competitiveness of the continent. Corruption and poor governance are interlinked and represent significant impediments to economic prosperity in Africa. Many are of the view that it is one of the major contributing factors to the slow development of the continent. The extensive foreign aid distributed to developing nations in general and West African nations specifically, lends to the notion that foreign aid gives the take-off ground to a financial compelled economy. Whereas a few researchers advocate that foreign aid could promote development and diminish poverty, some have contended that there is a probability that it would not be spend on productive sectors, but, instead, be squandered on frivolous expenditure as well as encourage corruption. Foreign aid can demoralize the incentives for both private and government savings, support poor governance, propagate poor economic policies and defer legal reforms, deject private investment, stirring currency appreciation, and in result could lead to non-competitiveness in the manufacturing of non-tradable products.
|Commitee:||Newhouse, Noelle, Sloboda, Brian|
|School:||The Chicago School of Professional Psychology|
|School Location:||United States -- Illinois|
|Source:||DAI-A 82/7(E), Dissertation Abstracts International|
|Subjects:||Educational leadership, Public administration, African Studies|
|Keywords:||Corruption, Foreign aid, Global competitiveness, Governance, West Africa|
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