The following essay entitled "Economy of Cameroon" concerns the economic situation in Cameroon. Admittedly, an infrastructure of the country and its economic development depend highly on country’s physiographical position…
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Food producing industry is highly developed especially comparing to other Africa countries, so Cameroon is self-sufficient on the domestic food market and even exports livestock to neighbor countries such as Nigeria, Equatorial Guinea, and the Republic of the Congo. Industrial fishing reduces its development because of a low level of fish in the region and doesn’t make a great income anymore (Benneh, G). Quite opposite is a wood producing industry. One-third from all Cameroon’s forests is widely exploited now. Raw wood export is one of the most important sectors of Cameroon’s infrastructure and gives about one-tenth from the general export income. For the world’s market, Cameroon (along with Brazil and Indonesia) is one of the main timber (industrial wood) producers. Because of the agricultural sector’s successful functioning, most of the population in Cameroon is involved in this sector as workers. But there’s an expansion tendency in wood producing industry, so Cameroon now suffers from illegal logging.Another problem which camps country’s economic development comes from its forests’ location: a lot of natural goods in Cameroon lay in forests’ areas. Potentially, Cameroon is one of the world’s largest producers of cobalt, but the country doesn’t develop cobalt locations in the forests’ areas. In these circumstances, oil and gas producing industry is most important for the economy of the country. Though compared to other countries it isn’t big, it gives Cameroon about one-fourth of a general income.
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This further identifies political factors to economics. This paper addresses Mr. Romney, the Republican presidential candidate, on what he should do with the economy, by identifying major economic problems facing the United States and possible solutions. Proposed economic measures The United States, like other nations, faces economic challenges that require a comprehensive approach for long-term solutions.
Agricultural Tourism in Cameroon. Cameroon is famous as the ‘melting point of Africa’ because of its diversity. It possesses all sorts of African crops such as sugar, coffee, etc, Landscape including mountains, beaches, deserts, etc and African inhabitants who belong to entirely different ethnic backgrounds and speak different languages.
In other words it can be explained as that bullion report called for the return of the standard of gold, which can be regarded as a safe rule for the working of the monetary policy. Although bullion decision was rejected by the parliament to quickly restore the gold standards, however the debate of bullion report influenced the decision of the parliament and the standards of gold were restored after the Napoleonic War.
The material reality derives from the distribution of raw materials; technology; economic and political alliances; and the cost of labour, investment capital, and land. The ideological reality is often based upon nationalism and its seemingly inevitable cconcominatnists: misperception, insecurity, and the need to establish and expand power and prestige.
(World InfoZone, 2008). It ruled by the presidential regime with the three arms (the executive, legislative and the judiciary) forming the government. (World InfoZone, 2008). Culturally, it has a diversity of ethnic groups (about 250), varying religions but the most
This deficit needs to be financed or funded by some sources which are often in the form of increase in the national debt via public or international borrowing. However, this borrowing increases the amount of taxes to be paid because the borrowing is not only to be repaid
Ricardo’s most important contribution to economics is his theory on comparative advantage which formed the basis of international trade. In 1815 he wrote the Essay on the Influence of Low Price of Corn on the Profits of Stock. In
Nonetheless, various adverse effects that result from the same include displacement of people to pave a way for the construction. In a transport construction project, there are several stakeholders such as the government, the
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