Cameroon is rich in petroleum, minerals, tropical forests, wildlife, water systems, fertile lands, and much more. Paradoxically however, most citizens live in abject poverty and without jobs, potable water, electricity, good healthcare and roads. This book is a thoughtful interrogation of some of the structural factors driving persistent poverty in Cameroon in the midst of natural resource abundance. It engages in a multidimensional critical analysis of the impact of natural resources on basic development indicators and concludes that good resource governance and sound management are the missing link. Natural resources alone will not create socio-economic prosperity void of good management with a clear development vision and strategy in Cameroon. The book assembles a wide diversity of analysis, views, perspectives and recommendations from economists, development experts, social and political scientists, on Cameroon’s current development inertia. What emerges in the end is a coherent interdisciplinary analysis of the natural resource-development paradox as it plays out in an African setting. Theories and good practices from Africa and beyond are systematically applied to identify and critique present policy and management approaches while providing alternative options that can unlock Cameroon’s natural resource wealth for national prosperity.

Originally presented as the author's thesis (doctoral)--Universiteat Geottingen, 2009.

Cameroon (officially regarded as the Republic of Cameroon) is a country with vast natural resources and a population of 22.8 million people. It is also culturally and geographically very diverse. Due to its geographical and cultural diversity, Cameroon is often referred to as Africa in miniature. This country is currently considered as a lower middle-income country by the World Bank through social indicators and levels of poverty, which are below those for comparing countries. However, the Government of Cameroon aims to achieve a state of higher middle-income by 2035. There exists a huge potential for economic growth and poverty reduction in Cameroon. Indeed, over the last decade, the country has been characterized by a positive economic growth, spurred by large public investments in infrastructure. However, to attain the higher middle-income status by 2035, growth needs to accelerate further. As the public sector alone cannot bring this about, much more private investments are necessary. Doing so also requires improvements in the business environment. However, despite more than a decade of economic growth, national poverty has remained almost unchanged. While Cameroon is urbanizing rapidly, poverty remains a rural phenomenon and is increasingly concentrated in northern Cameroon. The aim of the book is to provide an overview of the main issues, challenges, and prospects faced by Cameroon. The book is composed of conceptual and empirical studies of Cameroonian scholars gathered together in order to provide descriptions and explanations of the main issues as well as policy recommendations to support decisions-makers. These considerations are those of Cameroonians for Cameroon. The book is organized into two volumes. The first one, entitled Governance and Businesses, is devoted to issues relating to public governance, investment climate, insecurity, globalization, business development, and activities that are sources of employment in Cameroon. The second volume, entitled Environment and People, deals with issues concerning the management of cross cutting economic services, the conservation of forests, the sustainable development of agricultural activities, the role of women, the immobility of workers, problems of development and poverty alleviation, millennium development goals, the performance of microfinance institutions, multilingualism, and education in Cameroon.

A vivid ethnographic study of cattle traders, truckers, public contractors and NGO actors' everyday encounters with state bureaucracies in Ngaoundéré, Cameroon.

Developing a Sustainable Economy in Cameroon is an ambitious effort as the authors try to set a blue print for Cameroon's economy. In the 1980s facing economic crisis, and as dictated by the structural adjustment programme, Cameroon sharply cut public investment expenditures before later cutting government consumption which were followed by privatisation, liquidation of public companies and reduction in the size of the public sector. All these measures are believed to have had devastating effects on the economy. Given the performance of the economy so far the authors suggest that much more effort, with a strong commitment of the main stakeholders, is required to guarantee sustainable economic development in Cameroon. Truly, very few countries in Africa possess such enormous human and natural resources as Cameroon does. This volume brings out the challenges Cameroon faces in its quest for development as well as for designing appropriate strategies for addressing those development challenges.

Annotation "By its geography and diversity Cameroon has been called ""Africa's Crossroads."" Without a doubt, the vibrancy of Cameroon society and the richness of its culture attest to the merit of the moniker. Less remarkable has been Cameroon's attempt to democratize"

The revival of economic growth in Sub-Saharan Africa is all the more welcome for having followed one of the worst economic disasters—a quarter century of economic malaise for most of the region—since the industrial revolution. Six of the world's fastest-growing economies in the first decade of this century were African. Yet only in Ethiopia and Rwanda was growth not based on resources and the rising price of oil. Deindustrialization has yet to be reversed, and progress toward creating a modern economy remains limited. This book explores the vital role that active government policies can play in transforming African economies. Such policies pertain not just to industry. They traverse all economic sectors, including finance, information technology, and agriculture. These packages of learning, industrial, and technology (LIT) policies aim to bring vigorous and lasting growth to the region. This collection features case studies of LIT policies in action in many parts of the world, examining their risks and rewards and what they mean for Sub-Saharan Africa.