What is the line of latitude located at 23 1/2 degrees North?

Write on ECOWAS as a Regional Trading Bloc under the following headings: • When Established and Brief History • Current Membersh

frosja888 [35]

Answer:

ECOWAS is a strong regional trading block similar to Schengen Zone countries adopted in Europe. In ECOWAS, there was need to promote common trade among its people, encourage free movement of goods, people and services as well to encourage the usage of single common currency in the region. Despite its challenges, there is still prospect of actualizing its aim.

• When Established and Brief History: This is a body of West African Countries with its roots in earlier attempts at a West African economic community meetings in the 1960's. Then, it was spearheaded by Yakubu Gowon of Nigeria and Gnassigbe Eyadema of Togo.

• Current Membership: The member States of ECOWAS are include Benin, Burkina Faso, Cape Verde, Côte d'Ivoire, The Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo. Most of these countries are French speaking countries with few being an English speaking country.

• Goals: The primary purpose of ECOWAS is to promote economic trade, national cooperation, and monetary union, for growth and development throughout West Africa. And, also, improve the living standards of its peoples, to maintain and enhance economic stability.

• Achievements: Some of the achievements of ECOWAS include the resolution of the civil war conflict in Liberia, the unified international examination taken by high school student (WASSCE by WAEC body), free movement within each individual countries easily without visa, bilateral trade agreement within countries (for example supply of electricity to Togo, Benin by Nigeria) etc.

• Challenges: Some of the challenges include the lack of political will be engage in more bilateral trade, issues of establishment of Eco currency similar to Euro, issues on balanced trade between countries. And, also, challenges on language barriers among countries and citizens of the various countries.

• Conclusion: As a regional power bloc, there is prospect of it emerging as a strong economic bloc in the African continent. The countries should simply try and sort out the challenges among them as well work towards the establishment and use of single currency in the region.

Explanation:

3 0

3 years ago

A _____ commitment underwriting is an arrangement where the underwriter pays the issuer a stated amount whether or not the under

kogti [31]

Answer:

Best effort under writing

Explanation:

In a best effort underwriting, the issuer agrees to pay a stated amount of its securities to the underwriter or the agent for the issuer and the public and also ensures to find the best investor. The issuer on the other promises to pay underwriter a certain amount as fee for providing help in this matter.

Both the issuer and the underwriter can agree to the condition of all or none or a certain minimum percentage underwriting.

This form of underwriting is suitable for small underwriters.

7 0

3 years ago

Why did Spain do so poorly after starting the Commercial Revolution first?

Nataly [62]

<h3>Poor performance of Spain after the Commercial Revolution:</h3>

There were several reasons sue to which Spain has become poor soon after starting the Commercial Revolution,

After starting the Commercial Revolution, Spain has got severe economic problems.

The war has affected almost all the economic structure of the country.

All the foreign exchange market has ended.

The war has badly affected the industrial and agricultural sectors of Spain which has resulted in inflation.

The raw materials have been completely reduced during the war which has made Spain a poor country at that time.

6 0

3 years ago

The concept of residual social welfare maintains that the community has broad responsibility to help those in need. True False

Paladinen [302]

Answer:

false

Explanation:

Residual social welfare model hokdsbthat government may only step in when there is one other alternative such as a last resort measure. This is temporary and limited and benefits are usually low.

The residual model fundamentally differs from the institutional model by the view of the later that individuals in need are to catered for all the time and should not be a last resort measure like the former. The institutional model believes that people cannot always meet their needs through family or work.

3 0

3 years ago

The United States measures its economy by how many goods and services are produced in a ___.

Murljashka [212]

Answer:

month

Explanation:

6 0

3 years ago

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