Explaining structural transformation in ecowas member states
International Journal of Development Research
Explaining structural transformation in ecowas member states
Received 20th December, 2017; Received in revised form 16th January, 2018; Accepted 23rd February, 2018; Published online 30th March, 2018
Copyright © 2018, Felix Fofana N’Zué. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
The present paper aims to contribute in improving the understanding of structural transformation in ECOWAS member states and what it takes to make true transformation happen in these countries. The paper used data covering years 1970 to 2013 to analyze the path of transformation followed by selected developed countries (France, United Kingdom and Japan) and emerging economies. For the emerging economies a difference is made between the BRICS (Brazil, China and India) and non-BRICKS (Indonesia, Korea and Malaysia) countries. The paper then looks at the path followed by ECOWAS member states to see if there are similarities. The paper finds that the path of transformation followed by developed and emerging economies are almost similar whereas that followed by ECOWAS member states are for the majority different.
