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...Exports: Cocoa, timber, diamonds. Per capita income: $220. U.S. aid (1961): $22,600,000. Soviet aid: $196 million. Grows one-third of world's cocoa, but ran $100 million trade deficit in 1961. Volta Project (U.S. loans: $133 million) will enable Ghana to exploit rich bauxite deposits...

Author: /time Magazine | Title: THE NEW, INDEPENDENT AFRICA: | 8/3/1962 | See Source »

...Exports: Cocoa, palm products, peanuts. Per capita income: $88. U.S. aid (1961): $13,200,000. Moderate Prime Minister Sir Abubakar Tafawa Balewa holds together three disparate regions and 250 tribes that lack a truly national outlook. G.N.P. has soared 50% (to $3 billion) in decade...

Author: /time Magazine | Title: THE NEW, INDEPENDENT AFRICA: | 8/3/1962 | See Source »

Exports: Iron ore, palm kernels, diamonds, cocoa, coffee. Per capita income: $70. U.S. aid (1961): $600,000. Margai favors moderate African bloc, thwarted Red infiltration. Diamond boom brought prosperity. Nation needs foreign capital to raise living standards...

Author: /time Magazine | Title: THE NEW, INDEPENDENT AFRICA: | 8/3/1962 | See Source »

Exports: Coffee, cocoa, bananas, timber. Per capita income: $160. U.S. aid (1961): $2,100,000. Ex-French Africa's strongest economy, world's third largest coffee producer. Houphouet is increasingly irked by U.S. aid to left-leaning neighbor, Ghana...

Author: /time Magazine | Title: THE NEW, INDEPENDENT AFRICA: | 8/3/1962 | See Source »

...same things and have little to sell to one another. Mused an economist from Morocco, which still does two-thirds of its foreign trade with Europe's Common Market: "No matter how much good will we have toward Ghana and Guinea, there's only so much cocoa and bananas we can absorb." Similar hurdles also confront Africa's two other common markets. One of them is a loose, twelve-nation union largely consisting of former French West African colonies. It is hampered by the reluctance of richer members such as Cameroun and Gabon to get too involved...

Author: /time Magazine | Title: World Trade: Sons of the Common Market | 6/22/1962 | See Source »

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