The CFA Franc Zones: Neocolonialism and Dependency

The CFA Franc Zones: Neocolonialism and Dependency
Level: beginner
Mariamawit Tadesse
Economic Questions, 2018
Topic: emerging economies, money & debt, north-south relations
Format: Blog
Link: https://economicquestions.org/cfa-franc-neocolonialism/

This blog article looks at the issue of the CFA franc zones. Through the CFA franc zones, France is able to control the money supply, monetary and financial regulations, and economic policies of certain francophone African nations. This, a form of subtle neocolonialism keeps African nations from making economic and social progress and has the ability to further breed 'dependency'.

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