USA Investment and Trade Relations with Sub-Saharan Africa: Special Reference to the African Growth and Opportunity Act
USA Investment and Trade Relations with Sub-Saharan Africa: Special Reference to the African Growth and Opportunity Act
African Growth and Opportunity Act (AGOA) was established in 2000 as a piece of legislation to govern the United States (US) and Sub-Saharan Africa trade relations. The main purpose of this legislation was to assist sub-Saharan African economies and improve economic relations between the US and sub-Saharan Africa. This article problematises that the existing knowledge on AGOA is largely based on Euro-American theories such as realism, liberalism, and idealism, which are rooted within the Euro-American value system and cultural experiences. As such, producing either realist perspectives, views and critics or liberal perspectives, views, and critics on this subject. This research article then aimed to investigate the effectiveness of AGOA since its inception in realising free trade, global competitiveness and an increase in Agricultural trade-offs. The author of this article alternatively adopt Afrocentricity as the alternative theoretical framework in analysing the AGOA broadly and some of the significant objectives it aims to achieve. The crux of this article reflects on the principal historical development of AGOA and its objectives and gives a way forward on how to best improve US-Sub-Saharan Africa relations within the context of AGOA going forward. Methodologically, this article depends on a complete document study.
CITATION: Rapanyane, Makhura B.. USA Investment and Trade Relations with Sub-Saharan Africa: Special Reference to the African Growth and Opportunity Act . London : Adonis & Abbey Publishers , 2022. African Journal of Business and Economic Research, Vol. 17, No. 2, 2022, pp. 183–203 - Available at: https://library.au.int/usa-investment-and-trade-relations-sub-saharan-africa-special-reference-african-growth-and