1-3 Brief Paper: Results on Local Growth -- Western Africa Region The region that I decided to go with for this newspaper on the Effects on Regional Growth may be the Western Africa Region. This kind of region contains 16 countries which are Togo, Burkina Faso, Cape Licencioso, Cote d'Ivoire, Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Niger, Senegal, Sierra Leone, Togo and Nigeria. This place of The african continent has a great economic, politics and sociable issues that include and will still have an adverse affect about growth in the region. Financial
The American African region's economic progress has proportioned only installment payments on your 5 percent in the past three years, as the regions human population has been growing by installment payments on your 2 percent each year. (West Africa: Specifics and Figures) This percentage of economic growth is not enough to enhance upon the severe extreme poverty that is prevalent in the area. The average annual income for each person is merely $309. This region of Africa certainly has it's economic concerns but there may be some effort to boost upon it. One example of this is the Western Africa Economic climate and Monetary Union(WAEMU) that eight in the Countries in the region, Benin, Burkina Faso, Cote d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo, happen to be members of. These countries share one common currency, a common central lender, a development bank, a regional stock exchange and a common banking limiter. (West Africa: Facts and Figures) Ghana's President, David Mahama, who may be the current leader of the Economical Community of West Photography equipment States, believes that the Western world African Economies need the use. I agree with him. I believe that for this region to view any true economic growth, it must first start from within their particular region. Additionally, there are more current developments with West African and Western trade. The European Union(EU) and the Financial Community of West African States(ECOWAS) agreed in main to a transact
agreement earlier this year. (Bagooro, S) This agreement has some concessions that...
Sources: Kpodo, T., Mpoke Bigg, M, (2014, April) West African financial systems need the usage: Ghana
Bagooro, S i9000., (2014, June)West Africa and Europe transact: Who will beneп¬Ѓt more? Recovered June
20, 2014, coming from http://www.aljazeera.com/indepth/opinion/2014/06/west-africa-europe-tradeagree-2014621155835409177.html