The Impact of Globalisation on the Economic Development of Cameroon

5299 Words Oct 24th, 2010 22 Pages
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
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It is possible to get insight into the general process of globalisation by studying the process of international trade and financial globalisation. It is accepted that the world economy has become more integrated due to the process of globalisation (Neuland en Hough, 1999) and despite the fact that globalisation is not a new phenomenon, the intensity of the process of globalisation has increased in the 1990’s as evident by the increase in international trade and the increase of financial transactions in the world markets.
1.1.1 Definition

Globalization has many meanings depending on the framework and on the person discussing the topic. Though the precise definition of globalisation is still unavailable a few definitions are worth reviewing, Guy Brainbant: says that the process of globalisation not only includes opening up of world trade, development of advanced means of communication, internationalisation of financial markets, growing importance of MNC’s, population migrations and more generally increased mobility of persons, goods, capital, data and ideas but also infections, diseases and pollution. The term globalization refers to the integration of economies of the world through unrestrained trade and financial flows, as also through mutual exchange of technology and knowledge. Ideally, it also contains free inter-country movement of labour.
It can also be defined as the growing integration of national economic systems, including larger trade in goods and