Economic Growth, Crisis, and Recovery in Cameroon: A Literature Review

서지정보

ㆍ발행기관 : 한국유통과학회 ㆍ수록지정보 : The Journal of Industrial Distribution & Business / 6권 / 1호
ㆍ저자명 : Mbu Daniel Tambi

영어 초록

Purpose This study reviews Cameroon’s – economic growth, crisis, and recovery, aiming t review the principal factors of Cameroon’s real economic growth; explore the causes of its economic crisis analyze the determinants of its economic recovery; and suggest appropriate policies to ameliorate economic growth. Research design, data, and methodology – By reviewing the relevant literature and economic indicators, we observed that from the 1980s to the present, Cameroon experienced all the possible business cycle phases: economic prosperity (until 1985), economic and social crisis (1986-1994), and renewed economic growth (after 1995). Results – As a result of the economic changes in Cameroon, its macroeconomic indicators have evolved. Poverty and inequality have changed in both quantitative and qualitative terms. Throughout the examined period, rural poverty has become more widespread, deeper, and more severe than urban poverty, while inequality has experienced greater increases in urban areas relative to rural zones. Conclusions –To reap maximum benefits and reduce poverty from these economic changes, Cameroon needs to liberalize trade and foreign exchange transactions to attract foreign investment, especially during the current globalization.

참고 자료

없음