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RAS History & PhilologyАзия и Африка сегодня Asia and Africa Today

  • ISSN (Print) 0321-5075
  • ISSN (Online) 2782-2389

Study of the ECOWAS Countries’ Economic Development Convergence Effects

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PII
S27822389S0321507525090037-1
DOI
10.7868/S2782238925090037
Publication type
Article
Status
Published
Authors
Alla Vavilina
  • Occupation: PhD (Economics), Head of the Department of Management
  • Affiliation: Peoples’ Friendship University of Russia named after Patrice Lumumba
Anna Firsova
  • Occupation: Dr.Sc. (Economics), Professor, Department of Management; Professor, Department of Finance and Credit
  • Affiliation:
    Peoples’ Friendship University of Russia named after P.Lumumba
    Saratov State University
A.V. Loseva
  • Occupation: PhD (Economics), Associate Professor, Department of Business Analytics
  • Affiliation: Financial University under the Government of the Russian Federation
Volume/ Edition
Volume / Issue number 9
Pages
28-35
Abstract
West African countries pursue economic and political independence while seeking external resources and assistance from other states and international organizations. One of the mechanisms for addressing this challenge is the creation of regional communities. The purpose of the study is to assess the effects of convergence and the achievement of sustainable economic development attained by the integration of 15 West African countries into the Economic Community of West African States (ECOWAS) over the last 50 years. Analysis revealed the absence of an absolute convergence effect among ECOWAS countries. The intensity of the convergence effect varied throughout the community’s existence; the strongest degree of convergence is observed in those ECOWAS countries using a single currency. Currently, inequality is increasing, and the union has lost its positive impact on convergence. The drive to strengthen Africa’s global influence through regional integration in the modern geopolitical landscape compels African countries to seek new approaches to foreign economic engagement, and this dynamics is shaping potential ECOWAS cooperation with BRICS and the EAEU.
Keywords
ЭКОВАС ЗАЭВС Западная Африка экономический рост конвергенция региональные сообщества экономическая интеграция
Date of publication
17.08.2025
Year of publication
2025
Number of purchasers
0
Views
5

References

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