This study aims to sensitise all those concerned wtih Africa`s development - including African leaders, policy makers and scholars - to the potential revolution that has transformed Eastern Europe and its relations with the West since 1989.
The study is concerned that African governments should take advantage of any trade and other opportunities that may open up as well as take the necessary steps to contain any adverse consequences.
In a context where Africa is not responding as fast or effectively as other regions to the accelerating intergration of the world economy, this book is valuable for its up to date, hard data on the current state of European-African economic relations, its detailed analysis of the economic issues raised by the single European market, and its policy recommendations.
Contents 1. Capital flows and private investment in the single European market 2. Recent developments in the former Soviet Union and Eastern Europe 3. The Uruguay round of trade negotiations 4. The CFA devaluation and the future of African monetary cooperation 5. The future of African-European relations