The EPAs and the five ‘Invisible Devils.’ Emmanuel Ametepeh AI Germany 1. EPAs in a Nutshell The Economic Partnership Agreements EPAs are free trade proposal between the EU and the African, Caribbean, and the Pacific (ACP) countries.

Horace Campbell has sharply pointed out that the capital drain out of Africa is persistent and constant. Unquestionably, the fact that Africa remains the reservoir of European and American wealth, and now perhaps that of Asia as well, without benefit to the African population, suggests that Africans have a misunderstanding of world economics. Alas, there is another, more fundamental problem, and that is the inability of African economists and politicians to rid themselves of the enslavement of either a Marxist oriented or a capitalist oriented economy.