Economic growth in the period 1930-1962

Abstract

This document discuses on the economic growth in the period 1930-62 in West African economies and classified three categories. ‘‘The first category includes those which have a large non-monetary sector and a, relatively small foreign trade dependency in relation to the total gross domestic product. The second category comprises relatively small countries which a very high degree of foreign trade dependency. And third category includes countries which have also a relatively high foreign trade dependency but which possesses a fairly large domestic production in the monetary sector based on this market.