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Abstract: French monetary control over their colonies in Africa did not decrease after decolonization. Instead, the monetary union, the CFA Franc Zone set the stage for French domination of West Africa for decades to come through their control of pricing and exchange rates. This dominion causes repeated economic downturns, which the governments of the CFA countries are unable to counteract due to the monetary and fiscal restrictions placed upon them through the currency union. These downturns are only offset by repeated injections of capital, which can only come from abroad. In a case study of France and the Ivory Coast, France is content to provide these funds through economic development tools such as Foreign Direct Investment and Bilateral Foreign Aid funds. This comes at a cost, however, as these funds impede the economies of the CFA Franc zone.
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Prabhu-Schlosser, Keshav R., "Postcolonial Exploitation through Economic Development Tools: a Case Study on France and the Ivory Coast" (2019). Senior Projects Spring 2019. 145.
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