GHANA AND THE INTERNATIONAL COMMUNITY


Definition of key terms


1. Co-operation - it is the act of nations or countries coming together to work for a common purpose.


2. Inter-dependence - refers to the situation whereby countries depend or rely on one another for their needs and support


3. Self-sufficiency - refers to a situation where a state is able to provide or supply all of it's needs without any help from other countries. In practice, no country or even individual can be self-sufficient in all thongs.


4. Globalisation - is the process of interaction and integration among people, companies, and governments worldwide. It is primarily economic in nature but encompasses social and cultural aspects.

Or 

Globalisation refers to the sharing of ideas, cultures and increased interaction among people facilitated by technological skills.


5. Trade Agreement - it is defined as any contractual agreement between countries concerning their trade relationships with each other. The agreement may be political, economic, and technological.


FORMS OR TYPES OF CO-OPERATION

Co-operation may be grouped into two. These are:

1. Bilateral co-operation or agreement 

2. Multilateral co-operation or agreement


Bilateral co-operation or agreement: it refers to co-operation between two independent countries. The co-operation or agreement may be political, economic, etc. E.g A trade agreement or co-operation between Ghana and Nigeria.


Multilateral co-operation or agreement: A trade agreement or co-operation between more than two independent countries. Examples are UN, AU, ECOWAS etc.



BENEFITS GHANA DERIVES FROM CO-OPERATING WITH OTHER NATIONS

1. Financial assistance for its economic development.

2. Opportunity to serve on international organizations; individuals get opportunity to serve on international organization, e.g Kofi Annan who played a role in UN.

3. Assistance in food supply

4. Loan agreement and aids.

5. Exchange of valuable ideas and information 

6. Employment opportunities

7. Settlement of disputes