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 Periodical article |
 Leiden University catalogue |
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| Title: | Lomé's forgotten agenda? EEC industrial cooperation with Africa |
| Author: | Parfitt, T.W. |
| Year: | 1990 |
| Periodical: | African Development Perspectives Yearbook |
| Volume: | 2 |
| Pages: | 377-409 |
| Language: | English |
| Geographic term: | Africa |
| Subjects: | European Union economic aid |
| Abstract: | ACP hopes that the Lomé regime might bring about a NIEO have not been fulfilled and EEC plans to mount a Eurocentred industrial development strategy in the ACP States have clearly not taken off in the face of recession in Europe and a precipitous ACP economic decline. This prompts a number of questions as to what has happened to the Community's guarantees of industrial cooperation, one of the central elements of Lomé I. Have they been sidelined as the EEC turns its attention to other issues such as food strategies and structural adjustment? To the extent that the Community is still active in industrial cooperation what type of strategy is it pursuing and with what effects? Is the Eurafrican idea still on the agenda? Guided by these questions, the author reviews how far the European Development Fund (EDF), the European Investment Bank (EIB) and the Centre for the Development of Industry (CDI) have been active in promoting industry in the ACP States, in particular in sub-Saharan Africa, and analyses some of the projects and programmes in which they have been involved. Finally, he examines the prospects that Lomé IV holds out for industrial cooperation. Overall, Lomé IV seems to give out confused signals as to how the Community intends to proceed with industrial cooperation. Moreover, ACP industry itself is currently so underdeveloped that in the short to medium term the ACP States can only benefit from EEC aid to small and medium-scale enterprises and European private investment. Bibliogr. |