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Economic diplomacy is a form of diplomacy that uses the full spectrum of economic tools of a state to achieve its national interests. [1] The scope of economic diplomacy can encompass all of the international economic activities of a state, including, but not limited to, policy decisions designed to influence exports, imports, investments, lending, aid, free trade agreements, among others.
Adekeye Adebajo, 'Liberia's Civil War: Nigeria, ECOMOG, and Regional Security in West Africa,' Lynne Rienner/International Peace Academy, 2002; Berman, Eric G.; Sams, Katie E. (2000). Peacekeeping In Africa : Capabilities And Culpabilities. Geneva: United Nations Institute for Disarmament Research. ISBN 92-9045-133-5.
The AAPC had become the meeting ground of three groups: African nationalists in non-independent countries, whose revolutionary ardor was often tactical and hence temporary; leaders of the so-called revolutionary African states, whose militancy was often tempered by the exigencies of diplomacy and the reality of world economic pressures; African ...
Since independence, with Jaja Wachuku as the first Minister for Foreign Affairs and Commonwealth Relations, later called External Affairs, Nigerian foreign policy has been characterised by a focus on Africa as a regional power and by attachment to several fundamental principles: African unity and independence; capability to exercise hegemonic influence in the region: peaceful settlement of ...
Walter Rodney, a specialist on the Upper Guinea Coast, countered that European demand for slaves had vastly increased the economic importance of the slave trade in West Africa, with catastrophic effects. Rodney, who was active in Pan-African independence movements, accused Fage of whitewashing the role of Europeans in Africa; Fage responded by ...
The African Economic Community (AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority of African states. [1] The stated goals of the organization include the creation of free trade areas , customs unions , a single market , a central bank , and a common currency (see African ...
The United States provides a growing amount of economic aid to the country. Senegal has received aid for democracy promotion, food security, and development projects like $1.5 million in aid for solar energy and nano-loan financing systems. [16] Health diplomacy is another sector of aid that the United States and Senegal collaborate on.
Some economists have argued that the slave trade increased African economic resources and therefore did not necessarily impede development, but others, notably historian Walter Rodney, have argued that by removing the continent's most valuable resource — humans — the slave trade robbed Africa of unknown invention, innovation, and production ...