engleski

INTERNATIONAL TRADE OF ECOWAS MEMBER COUNTRIES

The ECOWAS regional group of countries is made up of 15 West African member states whose fundamental goal is economic integration and regional stability. The international trade of ECOWAS member states in the period from 2014 to 2019 was analyzed by application of important indicators such as foreign trade, international competitiveness, and comparative advantages. The main hypothesis of this paper assumed mainly a lower level of foreign trade openness, and export competitiveness as well as a deficit of foreign trade for most ECOWAS member countries. The results of the analysis confirmed the lack of international trade and the lower level of international competitiveness and comparative advantages of the analyzed countries.

ECOWAS ; international trade analysis ; comparative advantages ; international competitiveness

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