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2 results

  • Trade and Growth in West Africa in the 1980s

  • Uka Ezenwe
  • Journal:
    The Journal of Modern African Studies / Volume 20 / Issue 2 / June 1982
    Published online by Cambridge University Press:
    11 November 2008, pp. 305-322
    Print publication:
    June 1982

  • The classical school regards international trade as the main engine of growth. But modern empirical studies have failed to show any simple and generally consistent correlation between foreign trade statistics and macro-economic aggregates such as savings, investment, consumption, and growth. The more generally accepted view is that development through trade — where it occurred — was partly the consequence of favourable internal factors, and partly the result of a conducive external environment.