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M. J. Sampson, Gold Coast Men of Affairs (Past and Present), London, Dawson of Pall Mall, 1969 (first published in 1937). $ 11.50 (Published in the U.S. by Humanities Press)

M. J. Sampson, Gold Coast Men of Affairs (Past and Present), London, Dawson of Pall Mall, 1969... 160 by the large proportion (one-third) of foreign economic aid which the COME- CON group allocates to Africa than by the volume of trade taking place be- tween these aid donors and recipients. For instance, in 1965, the trade turnover of the seven Soviet bloc countries with all of Africa (29 countries) amounted only to 5 per cent of global African trade (or $ 904 million). Nevertheless, even this percentage represented significant progress inasmuch as in 1954, i.e. before the USSR began to extend foreign aid, the percentage was but 1.37. The book pays close attention to the trade creating aspects of Soviet bloc economic assistance and concludes that the economic rationale of the related trade flows rests on Africa's ability to supply commodities for which her tra- ditional markets have become less and less accessible, and on Eastern Europe's growing demand for consumer goods and foodstuffs. An additional factor underlying this international exchange is Eastern Europe's capacity to export capital goods. The future of commercial relations between the two groups of nations de- pends on Africa's production of those goods for which East Europe's demand is less elastic than it is for Africa's traditional exports. Without this http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Asian and African Studies (in 2002 continued as African and Asian Studies) Brill

M. J. Sampson, Gold Coast Men of Affairs (Past and Present), London, Dawson of Pall Mall, 1969 (first published in 1937). $ 11.50 (Published in the U.S. by Humanities Press)

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Publisher
Brill
Copyright
© 1971 Koninklijke Brill NV, Leiden, The Netherlands
ISSN
0021-9096
eISSN
1568-5217
DOI
10.1163/156852171X00518
Publisher site
See Article on Publisher Site

Abstract

160 by the large proportion (one-third) of foreign economic aid which the COME- CON group allocates to Africa than by the volume of trade taking place be- tween these aid donors and recipients. For instance, in 1965, the trade turnover of the seven Soviet bloc countries with all of Africa (29 countries) amounted only to 5 per cent of global African trade (or $ 904 million). Nevertheless, even this percentage represented significant progress inasmuch as in 1954, i.e. before the USSR began to extend foreign aid, the percentage was but 1.37. The book pays close attention to the trade creating aspects of Soviet bloc economic assistance and concludes that the economic rationale of the related trade flows rests on Africa's ability to supply commodities for which her tra- ditional markets have become less and less accessible, and on Eastern Europe's growing demand for consumer goods and foodstuffs. An additional factor underlying this international exchange is Eastern Europe's capacity to export capital goods. The future of commercial relations between the two groups of nations de- pends on Africa's production of those goods for which East Europe's demand is less elastic than it is for Africa's traditional exports. Without this

Journal

Journal of Asian and African Studies (in 2002 continued as African and Asian Studies)Brill

Published: Jan 1, 1971

There are no references for this article.