Economic Growth in Cameroon Free Essays

Background Information Notwithstanding the secular decline in real GDP experienced during the period 1987-93, the Cameroonian economy remains one of the largest in the CFA franc zone, with a GDP of about $9 billion in 1996. Compared with other sub-sharan African countries, Cameroon has one of the most diversified production and resource bases, as it produces and exports a broad range of commodities. Cameroon is a net oil exporter; oil production, although declinging steadily since 1986, still amounted to 37 million metric tons in 1996 and represented 8% of GDP. We will write a custom essay sample on Economic Growth in Cameroon or any similar topic only for you Order Now Nevertheless, agriculture has remained the mainstay of the economy and employs over 70% of the labor force. The recent history of cameroon’s economic and social development is characterized by two sharply diverging periods in economic performance. Most of the period from independence in 1960 to 1986 was characterized by fiscal balance, a rising investment-GDP ratio, rising human capital stock, and expanding real GDP. In contrast, the period 1987-93 was marked by declining terms of trade, deteriorating external competitiveness, a declining investment –GDP ratio, stagnating or declining human capital stock, rising fiscal imbalances, and shrinking output. Problem statement Since independence, private investment is creating employment, improving infrastructure and improving living standards of Cameroonians. Cameroon being a developing country with low income rates, unemployment, poverty, and under exploitation of natural resources, is a clear prove that the government incapable of meeting or giving Cameroon a favorable economic growth. This incapability of the government to give Cameroon a favorable economic growth, makes the government to leave out most of its companies for private investment, such as SONEL. Moreover most of Cameroonian important companies are run and own by private investors such as PILCAM,UNALOR,BOCOM,EURO OIL, and CONGELCAM just to name a few, that has led to the economic growth of Cameroon. Romer’s (1986) model assumes that technological change is endogenous and that private investment raises the level of technology for the whole economy. In this model increases in private investment raise growth in the steady-state. This study contributes to the empirical growth literature in three ways. First, economic growth is analyzed for an individual country-Cameroon-with data covering form 1960 till date. In addition , an investigation of the growth determinants for Cameroonian economy and focus on the institutional and historical aspects of the country. Secondly, the contributions of private and government investments to the growth of the Cameroonian economy investigated. Thirdly, following the endogenous growth models by Lucas (1988), becker, Murphy and tamura(1990) and romer(1990), the role of human capital is investigated. The robustness of the effect of private investment on growth is examined by including variables related to monetary and fiscal policies, external competitiveness, the terms of trade, and the influence of the oil sector. Objectives The main objectives of this research is to investigate the role of private investment in the economic development of the Cameroonian economy. The specific objectives of the study are * Identify the problems of economic growth in Cameroon * Assess private investment as an engine to economic growth * Make necessary recommendations Hypothesis Here, we are going to see if private investment actually enhance economic growth in Cameroon, we are going to use 2 types of hypothesis which are the null and the alternative hypothesis * Ho: private investment is an engine to economic growth in Cameroon H1: private investment is not an engine to economic growth in Cameroon. Significance Of The Study. The research carried out on the role of private investment in the economic development of Cameroon has its significance in 5 areas which are; * Africa as a whole; with the slow rate of economic growth is Africa, this research will help African leader to encourage and enable private investment in their economy since as it is the main backbone to economic growth. The Cameroonian society; this project will help many Cameroonians who are naive about the growth of the Cameroonian economy, to know the main reasons for its slow rate and what they need to do to improve on the economy. * The government; this project will help the government to better strategise in encouraging foreign and domestic investors, by reducing tax rates and interest rates, which will enhance economic growth. This project will serve as a resource base to students, who wish to carry out research in this field and better still inspire them to focus on investment given the low rate of employment in Cameroon. Limitations of study This area of is in Cameroon in general and the littoral region (douala) in particular. It does not extend to other areas due to the fact that there is inadequate timing and also, most private investments will not like to reveal all of their information to the researcher, thereby making it difficult for the researcher. 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The Most Dangerous Game Sequel free essay sample

The Most Dangerous Game Sequel Rainsford awoke after the best night sleep of his life. It wasn’t just the fact that the bed was one of the comfiest he had ever slept in, or the fact he was exhausted after being hunted for three days, but the enormous relief he felt by beating the general at his own game. He spent most of his morning planning in his mind a payback for the general. It wasnt revenge, but Rainsford felt that the general needed reminding that the game he was playing was wrong. However, Rainsford felt certain uneasiness at the fact he had won the hunt, what extent would the general go to now to satisfy his hunting pleasures? Would he now try even more extremes in hunting? Rainsford shuddered as he thought of the things the general may do, but tried to shrug them off as he thought of a plan to payback the general, and it needed to be good. We will write a custom essay sample on The Most Dangerous Game Sequel or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page As Rainsford sat down for breakfast, he asked Ivan to fetch the general. He felt almost sorry for Ivan, and he wondered how it must feel to be deaf-mute, to never have your own life and to always live it under someone else’s control. But Rainsford did not have long to pity Ivan, as the general walked in. Rainsford studied his long, wiry black beard and his unnerving dark black eyes which showed no emotion. A night of sleeping with the dogs had proved very damaging on his appearance, as he had big black bags under his eyes and seemed even more exhausted than what was humanly possible. â€Å"Thank you for coming up to breakfast† said Rainsford, trying to keep his voice blank. â€Å"Thank you for inviting me† replied the general, his Russian accent thick and emotionless, his black eyes studying Rainsford unnervingly, as though he was studying a rare animal he was about to pounce on. Rainsford refused to be un-nerved by the general, as he knew that he must stand his ground in order for the general to take his proposal seriously. â€Å"How was your night? † Rainsford asked, trying to build up conversation. â€Å"I have had better nights†, replied the General, â€Å"Now, I do not expect that you invited me up to breakfast for idle chit-chat, so what is the real reason†. â€Å"Rainsford allowed himself to take a moment to process his next sentence. â€Å"I have a proposal, seeing as though I did not kill you for failing the hunt, I have a new game I was for you to partake in†. The general sat in silence, absorbing Rainsford’s words, â€Å"I have a feeling that I know the proposal, but please carry on†, expressing interest in Rainsford’s proposal. â€Å"I wish to re commence the hunt, except this time I am the cat and you are the mouse†. Rainsford leant back in his chair, surprised at himself for finally saying the proposal out loud. The General smiled, â€Å"I thought you’d had a taste for the extreme hunting, when do we begin? † As Rainsford watched the general head to the forest with his food, knife and hunting clothes, he prepared himself for the upcoming days. The hunt would be the hardest one of his career, and he wondered what he had really got himself in for. But as he prepared his plan, he knew that whatever happened, he would not lose. The general peered back round to the chateau, he smiled a smile he had not smiled in weeks. This was the excitement he had been craving, and was ready to trick Rainsford in every step he took. As he dived deeper into the forest, the general began preparing his plans for the next few days, with the intention in mind that he would not lose.

Command Your Content Projects With Your New Personalized Dashboard

Effective content marketing requires a steady stream of high quality unique content and Constant Content exists to make sourcing that content as easy as possible. With that in mind, we’re happy to announce that you’ll now find a vastly improved dashboard when you login to your Constant Content account. We have listened to your feedback and developed an interface that allows you to easily track and get notifications, track and manage your content projects and teams of writers. What’s New? When you first visit your new Dashboard, you’ll notice an updated design and several new sections. The system will show you a personalized experience based on your past use of the platform. If you want to customize the sections you, simply click the gear icon in the top right and highlight the sections you want! My Orders By default, all clients will see the My Orders section, which shows you an overview of your purchases, credits and content for download. Custom Content Sections The new sections make it easier to manage your custom content requests and your teams of writers. Here’s a quick overview of these sections. Custom Content Request Status This lets you quickly view and track all of your requests based on which step they are on in the writing process (see below for the steps you can track). Each step has a field with a clickable number value showing you how many requests are in that stage. When you click on a value you will be taken to the My Requests page and shown your requests that are in that step. Clicking the gear icon in this section lets you pick the steps that are shown so you only have to see the ones that matter most to you. Open Requests – how many active requests you have (not expired or archived) Claimed Requests – how many of your requests have been claimed by a writer indicating work has started Unclaimed Requests – how many of your requests are yet to be claimed by a writer Requests With Articles – how many of your requests have articles; this includes articles that are ready to buy, have already been purchased and those in editorial review Requests Without Articles – how many requests have not had an article submitted by the writer Requests With Articles For Sale – how many requests have articles that are ready for you to purchase Content For Download – how many requests that have articles you’ve purchased and thus have files for you to download Active Revisions – how many open revision requests you have; clicking this takes you to the My Revisions page By keeping an eye on these fields you can quickly get a sense of the health and progress made on your requests. When you first submit requests you’ll want to pay attention to the Claimed and Unclaimed Requests to make sure your team has committed to writing all of your requests. As the deadline approaches, you’ll want to pay attention to the Requests With Articles and Requests Without Articles fields to get a sense of how much content you are waiting on. If you’re submitting requests in batches with different due dates, you can choose to enter a date range for Due Dates so that only requests within it are shown. This recalculates the fields for you to let you see that batch of requests’ progress. Team Progress This section lists out all the writers who are currently working on your requests, and gives you a progress update on each of them. By clicking the writer’s name, you’ll be taken to My Requests and shown just the requests that writer is working on. The My Writers section provides you with a quick overview of the writers you work with. This includes counts of how many writers are on your teams, how many teams you have and how many writers have applied to join your teams through casting calls. Content Calendar The Content Calendar maps out when you have request due, when you have scheduled posts to your WordPress site and any notes that you add to your calendar for you and your team to recall. Clicking on any individual date will list the events for the day, and provide a link to the requests due so you can check on them. Category Watch The category watch section lets you choose the category of articles in which you are most interested, and shows you the most recent articles. Keeping an eye on this helps you discover fresh new articles before anyone else. You can also visit the Edit My Account page and subscribe to Category Watch emails. You will then get an email whenever new articles are added to categories you follow. We hope you’ll find these new sections helpful as you source your content. Be sure to explore the different sections available to find which are most useful for you, and get in touch if we can help you get setup.

Rising Action in Literature Keeps Readers Engaged

Rising Action in Literature Keeps Readers Engaged Have you ever kept reading well into the night because you just couldnt put a book down? The rising action of a plot refers to the events that provoke conflict, build tension, and generate interest. It adds that edge-of-your-seat element that motivates you to keep reading until you reach the story climax. Rising Action in Action You can find rising action in many stories, from a complex novel to a simple childrens book. For example, the rising action in The Three Little Pigs takes place as the pigs set out and begin to make their own decisions. You can surmise that two of the pigs are asking for trouble when they choose flimsy materials to build their houses. Little suspicions such as these (along with the wolf lurking in the background)  build suspense: with each page, readers come to understand that these characters are headed for disaster. Things get more and more exciting and tense each time the wolf blows down a house. The action builds to the ultimate showdown between pig  and wolf. In literature, the rising action encompasses the decisions, background circumstances, and character flaws that lead a story from the opening exposition through the drama and run-up to the climax. The primary conflict  can be an external one, such as a clash between two men trying to exert their dominance at work, or it can be internal, as in the case of a college student who realizes she wants to leave school but cringes at the thought of telling her parents. Rising Action in Black and White As you read a novel, pay attention to clues that predict trouble down the road. It could be anything from  the appearance of  a character who  seems shady and untrustworthy, to the description of a clear morning marred by one dark cloud on the horizon.  You can practice identifying rising action by considering how the tension builds in the following tales: Little Red Riding HoodWhat is the first sign of trouble? Were you a bit unnerved when you learned that this innocent child would walk through the dangerous forest alone?Snow WhiteIn the original version, this story contains the ultimate evil character: the wicked stepmother. Her presence signals trouble to come. And that magic mirror adds another layer of intrigue to the story.CinderellaCinderella also  finds herself tormented by an evil stepmother. Her first meeting  with the prince foreshadows the complications to come, while the clock ticking closer to midnight on the night of the ball creates real tension.Hansel and GretelWhats with all the evil stepmothers? And who doesnt suspect that a confectionery cottage is too good to be true? It can be easy to see the suspense building in the short stories from childhood. But if you consider how subtle clues informed and cautioned you, you can find the same types of signs in more sophisticated books. Think about the suspenseful moments that build in each story to get a better sense of the development of rising action in the novels you read.

International Entrepreneurship Essay Example | Topics and Well Written Essays - 2000 words

International Entrepreneurship - Essay Example People often misunderstand the terms entrepreneurs and leaders, it is perceived that both the terms are synonymous but in reality it is not so. The traits of an entrepreneur are quite similar to that of a leader but it is unfair to say that both the terms are synonymous. This paper is going to deal with the risks which the entrepreneurs take and the dividends the same pays at a later stage. The word seminal means original and influential. These two are the most important qualities expected of any entrepreneur. It is very important that an entrepreneur sustains the growth of the company and at the same should look forward to increasing the same and it becomes highly imperative that the company uses innovation and creativity. An entrepreneur is expected to have a drive which can take the company to another level altogether. The hunger of the entrepreneur should reflect in the activities of the company. Entrepreneurship is considered to be very risky and trick, simply because many new ventures fail to perform as expected. "Most commonly, the term entrepreneur applies to someone who creates value by offering a product or service. Entrepreneurs often have strong beliefs about a market opportunity and organize their resources effectively to accomplish an outcome that changes existing interactions." ( Wikipedia, August 21, 2008). People who think out of the box, in the sense that, those who are able to see an oppurtunity and react according to the situation usually become entreprenuers. Eutreprenership contributes immensely to economy of that particular country, it also creates many job openings for the people. There are many views of the entrepreneurs for instance the classical view, the psychological etc, innovation falls under classical view of the entrepreneurs and it is based on the assumption that the entrepreneur is doing rather than owning. Innovation provides the entrepreneur with a great start and enables early growth in the organization. The risk faced by the international entrepreneurs is much high than the domestic entrepreneurs. This is also because the activities of a foreign market are much more complex than the domestic market. The international entrepreneurs take full advantage of their access to the foreign markets and availability of cheap labor but everything comes at a price, they also have to adjust to the foreign culture quickly, failing to do so would go on to produce undesirable results for sure. The market power of an entrepreneur is increased by the movement in the market power. The same helps the entrepreneur in spreading the risk and leveraging faster returns on new products. To be an entrepreneur one needs to have greater independence and self -fulfillment. When a person becomes an entrepreneur, he/she becomes self employed and it is

Disaster Management Essay Example | Topics and Well Written Essays - 500 words

Disaster Management - Essay Example For this paper, we tracked disasters in different provinces/cities to be able to draw conclusion on the hazards, impact and vulnerability of these cities, and to recommend measures in mitigating and being prepared when such disasters strike. Data of disasters that happened in Ontario and Quebec for 1993 up to 2010 were obtained from http://www.scribblemaps.com. Most common disasters in these areas based on the data gathered are floods, forest fires and storms/snowstorms. Other disasters that struck the area are chemical fire, train collision, tornado, snow avalanche, aircraft and bus accident, chemical release, epidemic and mine collapse. In Quebec, flooding happened every year since 1992 until 1996. These resulted to deaths, loss of homes and jobs, disruption of classes, washing out of roads and bridges and electricity cut-off. As a low lying area, Quebec has been vulnerable to floods. The government devised a plan to combat this via various infrastructures like construction and operation of a water retention reservoir, construction of a sill, consolidation and enhancement of existing dikes and implementation of an upgraded flood forecasting system as reported in Fisheries and Oceans Canada.

Negotiation brief Assignment Example | Topics and Well Written Essays - 750 words

Negotiation brief - Assignment Example Despite the fact that the Georgia economy has withstood the 2008 war, the aftermath difficulties are causing challenges to the economy. There has been damage in the general environment, infrastructure, and loss of settlements. The war has been a threat to the Georgia banking sector and the national currency stability. The Russian occupation forces in august 2008 had a great effect on the banking systems as the account owners began to withdraw their money from the banks. Within a short period of time, entities and individual had withdrawn not less than half billion U.S. dollars. The big issue with this act was; after the war only small amount of withdrawn money had been deposited back to the banks (Ted, 2008, 71). To deal with some of the challenges that have emerged as a result of the war, the government should be on the first line. The government should increase its spending on the internally displaced persons (IDPs) in Georgia who have been seriously affected by the Russian aggression. This should be through construction of shelters for the IDPs. Although this has led to revival in the economy due to increased demand for the labor and construction materials, it has some negative effects. The negative effects arises due to that, it is the government that is purchasing the materials and labor, and not the private entities, which in turn has lead to increase of the inflation rate within a very short period of time. With the government spending on the distribution of vouchers to IDPs to settle down the electricity and gas bill also will put more pressure to on the increasing inflation rate. There is no shortcut to this as the government must settle the social problems affecting the IDPs in Geo rgia. This will take place in the expense of increasing inflation rate. In Georgia, the foreign direct investment has gone down significantly. The reason to this is that, the investors