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Cameroon's suboptimal economic experience since independence (1960) sheds light on broader issues of Africa's development narrative, and provides valuable economic and policy knowledge. While Cameroon's large informal economy is diverse and resilient and rooted in old business traditions, its formal economy has exhibited low productivity and employment growth for over 60 years. This has brought anger, disappointment, and violent conflict in several regions of the country.The Oxford Handbook of the Economy of Cameroon examines the reasons of Cameroon's unsatisfactory economic performance and draws lessons from successful development experience to help tackle these issues. The Handbook provides a critical assessment of the history, patterns, and strategies of economic development in Cameroon, and outlines new approaches to economic enquiry for prosperity and social change. Through Cameroon's governance story, the handbook analyzes the evolving conceptions of economic policy, takes stock of intellectual progress, documents the challenges of implementation, and outlines the intellectual and policy agenda ahead.For a developing country increases in per capita income arise from advances in technology arise from closing the knowledge and technology gap with those at the frontier. And within any country (especially one like Cameroon), there is enormous scope for productivity improvement simply by closing the gap between best practices and average practices. Standards of living can therefore be improved through the implementation of pertinent learning strategies.In this Oxford Handbook of the Economy of Cameroon, an international team of leading development economists and researchers address the wide range of issues facing Cameroon and provide guiding principles on how best the country (and other developing nations) could move human, capital, and financial resources from low- to high-productivity sectors in a constantly changing global economy.
This volume investigates the structural causes of Cameroon's suboptimal economic performance since its independence in 1960 and proposes new frameworks for achieving sustainable prosperity. Edited by Célestin Monga, the text compiles contributions from an international cohort of development economists and researchers. The work evaluates historical economic patterns, governance challenges, and the persistent gap between formal and informal economic sectors to establish a comprehensive policy agenda for future growth.
What You Will Find
Scope Limits
Experts recognize this handbook as a rigorous, multi-disciplinary resource for understanding the complexities of African development through the specific lens of the Cameroonian experience. Readers frequently note the academic density of the prose, which serves as a foundational reference for scholars and policy practitioners interested in structural economic reform.
Page Count:
800
Publication Date:
2023-01-25
Publisher:
Oxford University Press
ISBN-10:
0192848526
ISBN-13:
9780192848529
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