Abstract

There has been an increase in discussions about reforming the CFA franc zone. One reason for this is the limitations concerning the development and sovereignty of CFA franc zone member countries. While some people argue that the CFA franc has helped to promote stability and economic growth in the region, others see it as a source of frustration and inequality. Analyzing the Augmented Human Development Index (AHDI) and Multidimensional Poverty Index (MPI), this study assesses how development dimensions –education, living standards, and health—have changed over time. A data analysis is performed on the countries of Cameroon, Mali, and Madagascar. Madagascar is no longer a CFA zone member after its exit from the zone in 1973, but it is included in the analysis of AHDI to serve as a point of comparison between Cameroon and Mali, who are current members of the zone. The study assesses if membership in the CFA zone and key moments throughout the history of the CFA zone, including devaluation, have impacted the human development of member states. Through data visualization, it is revealed that gradual human development progress has been made, but there is insufficient evidence to establish that there is a causal relationship between human development and CFA zone membership. My research aims to assess the historical background of the zone and highlight underlying issues that have contributed to underdevelopment throughout its history. The study ends with an outlook of the CFA zone.

Advisor

Gamble, Harry

Second Advisor

Teather-Posadas, Edward

Department

French and Francophone Studies; Global and International Studies

Publication Date

2023

Degree Granted

Bachelor of Arts

Document Type

Senior Independent Study Thesis

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