REASONS FOR HIGH VOLUME OF TRADE BETWEEN WEST AFRICAN COUNTRIES AND DEVELOPED COUNTRIES.
The bulk of West African foreign trade is directed away from Africa to the developed continents like Europe and America for the following reasons:
- Presence of processing industries: Industries that make use of the raw materials which are the main products of West African are found in Europe and America.
- World economic order favours developed countries: The world economic order tends to be in favour of the developed countries, hence West African countries export their goods to them.
- Absence of develop markets: There is absence of developed market in Africa because our system of exchange is still underdeveloped and there is low demand as a result of low per capital income.
- Over-reliance on foreign products: Over-reliance on foreign products has made West Africans to have the notion that foreign products are superior.
- Ineffective transport and communication system: ineffective transport and communication system in Africa makes international trade difficult.
- Low level of technology: Low le of technological development make difficult for African countries to pro goods needed in the continent, he our going to Europe and America.
- Production of mainly agricultural products: African countries prod mainly agricultural products and makes exchange of goods between very difficult.
- Provision of capital goods a mainly from developed nations Capital goods which West African countries depend heavily on are produce in Europe and America.
- Colonial ties: The inclination of developing countries to their coin masters has helped to increase volume of trade between the nations.
- economic tools for nation building
- factors affecting the expansion of industries
- mineral resources and the mining industries
- demand and supply
- types of demand curve and used
- advertising industry
- factors of production
- joint stock company
- RINDER PESTS
148. NEWCASTLE DISEASE
149. BACTERIA DISEASES
153. FUNGAL DISEASES