The Impact of Globalisation on the Economic Development of Cameroon
Table of Contents
CHAPTER -I- INTRODUCTION 3
CHAPTER -II- LITERATURE REVIEW 2
1.0 Globalisation and Economic development 2
1.1 GLOBALISATION 3
1.2 ECONOMIC DEVELOPMENT 11
CHAPTER –III- ANALYSIS OF THE IMPACT OF GLOBALISATION ON CAMEROON’S ECONOMIC DEVELOPMENT 17
1.0 Impact of Globalization on the Economy of Cameroon 17
1.2 The impact of development partners 20
1.3 The way forward for Cameroons Economic Development 22
CHAPTER –IV- CONCLUSION 24
References 26
CHAPTER -I- INTRODUCTION
Throughout the past years, world output has been increasing and many countries are benefiting from improved cross-border trade and investments. Others countries have however suffered because economic regimes are inadequately managed and this weakness reduce their capacity to successfully compete globally (Schneider and Enste, 2002). The International mobility of capital, resulting from advances in communications technology and liberalization of financial markets has increased as the global economy witnesses the boom of market forces. The opening of domestic markets to competition, Deregulation, and privatization are also features of the current global wave. Nonetheless, this same process has seen rising inequality among nations. The liberalization of the world economy, for example, has proceeded in a manner that the growth prospects of developing countries are being undermined. Thus, the process of globalisation and economic integration has had effects on many countries economic development. This paper attempts an exploration of globalization and its impact on the economic development of Cameroon. The aim is to situate globalization in the context of Cameroon’s economic development. To complete this task, the paper is separated into a number of chapters. Apart from the introduction, chapter II provides a literature review of the notions of globalization and economic development, while exploring what other authors have written about the subject. Chapter III provides an
CHAPTER -I- INTRODUCTION 3
CHAPTER -II- LITERATURE REVIEW 2
1.0 Globalisation and Economic development 2
1.1 GLOBALISATION 3
1.2 ECONOMIC DEVELOPMENT 11
CHAPTER –III- ANALYSIS OF THE IMPACT OF GLOBALISATION ON CAMEROON’S ECONOMIC DEVELOPMENT 17
1.0 Impact of Globalization on the Economy of Cameroon 17
1.2 The impact of development partners 20
1.3 The way forward for Cameroons Economic Development 22
CHAPTER –IV- CONCLUSION 24
References 26
CHAPTER -I- INTRODUCTION
Throughout the past years, world output has been increasing and many countries are benefiting from improved cross-border trade and investments. Others countries have however suffered because economic regimes are inadequately managed and this weakness reduce their capacity to successfully compete globally (Schneider and Enste, 2002). The International mobility of capital, resulting from advances in communications technology and liberalization of financial markets has increased as the global economy witnesses the boom of market forces. The opening of domestic markets to competition, Deregulation, and privatization are also features of the current global wave. Nonetheless, this same process has seen rising inequality among nations. The liberalization of the world economy, for example, has proceeded in a manner that the growth prospects of developing countries are being undermined. Thus, the process of globalisation and economic integration has had effects on many countries economic development. This paper attempts an exploration of globalization and its impact on the economic development of Cameroon. The aim is to situate globalization in the context of Cameroon’s economic development. To complete this task, the paper is separated into a number of chapters. Apart from the introduction, chapter II provides a literature review of the notions of globalization and economic development, while exploring what other authors have written about the subject. Chapter III provides an
References: Globalization against Internationalisation and Regionalisation (Dicken, 2007), believes that globalisation can sometimes be confused with internationalisation 1.1.2 Globalisation trends The world has become a global village, a simile that is often summoned to describe global interdependence and increasing integration among, and the integration of economic activities of societies around the globe (Ajayi,2001) 1.1.4 Factors Affecting Globalisation In his book Globalisation, Economic Development and Inequality: an alternative perspective, 2007, Reinsert outlined a number of factors that affect globalisation 1.2.3 Economic Development Strategies Debraj Ray (1998) described in great details some Economic development strategies in his Economic Development