CHAPTER 1

BACKGROUND OF THE STUDY

Modern patterns of economic dependence in Africa are product of a profound global transformation that had occurred primarily within the last 2 countries. West Africa participation in an international economy had been significant for over a thousand years. During the fifteenth century innovations in marine technology made it possible for European ships to circumnavigate the Africa continent. The primary objective was the spice trade of the Far East but every opportunity was taken to develop new trading opportunities on the African continent. Portugal retained a virtual monopoly of the Africa seaborne trade during the sixteenth century but was subsequently ousted by the Dutch and British.

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