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Economy of Cameroon - Essay Example

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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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Economy of Cameroon
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Download file to see previous pages 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. ...Download file to see next pagesRead More
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