The Impact of Globalisation on the Economic Development of Cameroon

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The Impact of Globalisation on the Economic Development of Cameroon

By | October 2010
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Table of Contents

CHAPTER -I- INTRODUCTION3

CHAPTER -II- LITERATURE REVIEW2

1.0Globalisation and Economic development2

1.1GLOBALISATION3

1.2ECONOMIC DEVELOPMENT11

CHAPTER –III- ANALYSIS OF THE IMPACT OF GLOBALISATION ON CAMEROON’S ECONOMIC DEVELOPMENT17

1.0 Impact of Globalization on the Economy of Cameroon17

1.2 The impact of development partners20

1.3 The way forward for Cameroons Economic Development22

CHAPTER –IV- CONCLUSION24
References26

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....