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The economy of Cameroon was one of the most prosperous in Africa for a quarter of a century after independence. The drop in commodity prices for its principal exports – petroleum , cocoa , coffee , and cotton – in the mid-1980s, combined with an overvalued currency and economic mismanagement, led to a decade-long recession .
Location of Cameroon. Cameroon is a country in Central Africa. Cameroon's per-capita GDP (Purchasing power parity) was estimated as US$2,300 in 2008, [1] one of the ten highest in sub-Saharan Africa. [2] Major export markets include France, Italy, South Korea, Spain, and the United Kingdom. [1] Cameroon is aiming to become an emerging country ...
The Cameroonian economic crisis was a downturn in the economy of Cameroon from the mid-1980s to the early 2000s. The crisis resulted in rising prices in Cameroon, trade deficits, and loss of government revenue. [1] The government of Cameroon acknowledged the crisis in 1987. Outside observers and critics blamed poor government stewardship of the ...
This category has the following 11 subcategories, out of 11 total. B. Business organizations based in Cameroon (2 C) C. ... Pages in category "Economy of Cameroon"
Trade in goods and services can serve as a substitute for trade in factors of production. Instead of importing a factor of production, a country can import goods that make intensive use of that factor of production and thus embody it. An example of this is the import of labor-intensive goods by the United States from China. Instead of importing ...
That is why during the agro pastoral show in Ebolowa, President Paul Biya stressed the need to modernised Cameroon's agriculture, so as to increase the productivity of small farmers and encourage the emergence of “second generation” production units; that is to say large and medium size companies. In this perspective, the mechanisation of ...
Generally, the goods must be of the quality, quantity, and description required by the contract, be suitably packaged and fit for purpose. [46] The seller is obliged to deliver goods that are not subject to claims from a third party for infringement of industrial or intellectual property rights in the State where the goods are to be sold. [47]
Final goods can be classified into the following categories: Durable goods; Nondurable goods; Services; Consumer durable goods usually have a significant lifespan, which tends to be at least one year, based on the guarantee or warranty period. The maximum life depends upon the durability of the product or goods.