2019
DOI: 10.1080/01436597.2019.1585183
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France à fric: the CFA zone in Africa and neocolonialism

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Cited by 39 publications
(22 citation statements)
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“…In terms of external power relations, the continuous dependency of Francophone states on the CFA franc has allowed Paris to exercise considerable influence over their economies. 67 In a similar way (and reminiscent of USD ascendancy), China's stated goal of the internationalisation of the renminbi, accelerated after it was acknowledged by the IMF as a basket of currencies with special drawing rights, prompted several African countries to create renminbi currency conversion centres. 68 The repayment of Chinese loans through recourse to the renminbi is one of the proposed responses to the new African debt crisis.…”
Section: Regimes and Governancementioning
confidence: 98%
“…In terms of external power relations, the continuous dependency of Francophone states on the CFA franc has allowed Paris to exercise considerable influence over their economies. 67 In a similar way (and reminiscent of USD ascendancy), China's stated goal of the internationalisation of the renminbi, accelerated after it was acknowledged by the IMF as a basket of currencies with special drawing rights, prompted several African countries to create renminbi currency conversion centres. 68 The repayment of Chinese loans through recourse to the renminbi is one of the proposed responses to the new African debt crisis.…”
Section: Regimes and Governancementioning
confidence: 98%
“…In 1961, France took control of the national currency reserves of fourteen West African countries, retaining considerable control over their spending (Taylor, 2019). The metropoles and international firms secured further concessions and registered businesses locally.…”
Section: The Dying Days Of Colonialismmentioning
confidence: 99%
“…What makes this case illustrative for a regional power from afar is that "the CFA is arguably the most blatant example of functioning neocolonialism in Africa today" (Taylor 2019(Taylor : 1065). In addition to economic power, the case of France also illustrates the other primary means of power in international relations (Baldwin 2012: p. 275).…”
Section: Conceptual Inroads To Account For External Actors As Regional Powersmentioning
confidence: 99%