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The Regionalism-Innovation Nexus: The ECOWAS Experience

In: Innovation, Regional Integration, and Development in Africa

Author

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  • Adeoye O. Akinola

    (University of Zululand)

Abstract

The West African sub-region has experienced decades of dire socio-political and economic decline and marginalization within the global economic order. Early hopes of rapid development in post-colonial Africa were quickly dashed by a series of problems ranging from poor economic policies, to impoverishment, civil wars, inept political leadership and political instability (Akinola 2010). Bundu observes that: Economic problems appear to have accumulated over time as policymakers battle with chronic food shortages, high population growth rates, deforestation and desertification, excessive dependence on commodity exports, deteriorating terms of trade, huge balance-of-payments deficits, government deficit financing, and increasing indebtedness (both domestic and external). Nowhere in West Africa have development strategies been successful in reversing the structural imbalances of our economies. (Bundu 1997, p. 29)

Suggested Citation

  • Adeoye O. Akinola, 2019. "The Regionalism-Innovation Nexus: The ECOWAS Experience," Advances in African Economic, Social and Political Development, in: Samuel Ojo Oloruntoba & Mammo Muchie (ed.), Innovation, Regional Integration, and Development in Africa, pages 121-135, Springer.
    • Handle: RePEc:spr:aaechp:978-3-319-92180-8_9
    DOI: 10.1007/978-3-319-92180-8_9
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    Cited by:

    1. Ernest Kay Bakpa & Hu Xuhua & Abigail Konadu Aboagye, 2021. "Ghana’s economic growth: Directing our focus on the contributing influences of innovation activities and trade," Growth and Change, Wiley Blackwell, vol. 52(4), pages 2213-2237, December.

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