Ever ponder why the majority of resource-rich nations are so underdeveloped? Do you know how prevalent it is in these nations for foreign corporations to mine the majority of their resources? Companies based in the United States, Canada, the UK, or France? Although I don’t believe they go there with a specific agenda, some exploitation is ongoing. Check out the findings of this G/E research, headlined “US/France Threaten Intervention in Resource-Rich Niger: Fears of War in West Africa.” It discusses how the countries in West Africa still practice neo-colonialism despite the end of French colonialism there. West African economies might be effectively controlled using the CFA Franc as their reserve currency. The CFA Franc hampers industrialization and structural change in these nations. It is a neocolonial tool that keeps destroying any chance of economic growth in user nations. By the way, military dominance is the other piece of the puzzle; financial exploitation is simply one of them.
Georgios Ardavanis – 02/09/2023