This book summarises an investigation into elements of the economic
and political institutions that affect prosperity in ECOWAS
development. Information and material enclosed was obtained from
most relevant literature and publicly available data. The work
evaluates the macroeconomic consequences of various programs and
policies, which are represented through key selected mainstream
indicators for ECOWAS countries from 1960-2013, contrasted with the
European Union 28 countries in the same period and illustrating the
specific situation of Guinea-Bissau. It was found that actual
progresses in the theoretical domain are slow, solid formal models
are lacking, and inconsistency predominates as challenges, outcomes
and relations from inputs to outputs are mostly evidenced by
adoption of anecdotal examples. Negative prosperity is the norm and
thus, the question of how, and what, the institutions are doing to
address it, becomes especially relevant. It is also observed that
the available source data is inconsistent and controversial; for
same indicators, it varies wildly at intra and inter organisations.
In the likeliness of many of the current aid and structuring
programmes being based on data from the mentioned sources, a risk
emerges that, even though mathematic and economic models may be
advanced, they are based on fundamentally unreliable data that push
wrongdoing and hinder prosperity. It also emerges that, frequently,
institutions and programmes do have negative impact on the
sub-region, because the framework that they provide is based on
western values, mostly carried by western experts or local experts
that acquired western behaviour and values ignoring the rural and
peri-urban populations. It was found that circumstances where
cultural differences are not accounted for, namely in acceptance of
the distribution of power, collaboration, personal relations,
traditions and manners of performing work and duties as well as
managing free time, potentially hinder societal development.
General
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