AGOA AND AFRICAN UNDERDEVELOPMENT, A CRITICAL ANALYSIS OF A MAJOR CONTRADICTIONS

📄 Project Abstract

The study examines the African Growth and Opportunity Act and African underdevelopment, a critical analysis of major contradictions. The thrust of the research work is to find out if AGOA has spurred the level of investment needed to expand economic activity in the rural agricultural sector. The research work also seeks to examine if AGOA has promoted export diversification with particular reference to clothing and textile industry and the degree the US trade with SSA countries had gone in reducing poverty in the SSA countries, since the AGOA's drafter's objectives was for AGOA to serve as a catalyst for African economic development. Utilizing dependency theoretical frame work of analysis, which focus on the socio-economic dynamics of metropolitan and peripheral countries and proponents of the theory argues that the trade relations between the United states and countries in sub-Saharan African is skewed in favor of the former because the developing countries such as sub - Saharan Afric...