Exploring Foreign Direct Investments in Developing African Countries: Their Effects on the Economic Growth in Cameroon (2006-2011)

Abstract

<div style="text-align:justify;"> <span style="line-height:1.5;">This study explores Foreign Direct Investment (FDI) and its effects on the economic growth in Cameroon within the period 2006-201</span><span style="line-height:1.5;">1</span><span style="line-height:1.5;">. The purpose of this study is to understand the reason</span><span style="font-size:10pt;"> </span><span style="line-height:1.5;">why increased FDI had not led to more eco</span><span style="line-height:1.5;">nomic growth in Cameroon. Aghion’s endogeneity growth theory was used as a guide to data collection and analysis. Research data were collected from 20 investment managers with</span><span style="font-size:10pt;"> </span><span style="line-height:1.5;">close relationships with Cameroon. The participants included five from each subgroup of energy, health care, technology, and financial institutions,</span><span style="font-size:10pt;"> </span><span style="line-height:1.5;">in the United States. The study participants expressed strong commitment towards economic growth in Cameroon. The responses from the study participants showed inconsistency with the literature review and the belief that FDI generates economic growth in the developing countries. Moreover, the respondents reported bureaucracy and corruption as the possible challenges facing the economic growth in Cameroon. The research participants believed that eco-political factors directly affect the eco</span><span style="line-height:1.5;">nomic growth in Cameroon. Policy implications and recommendations for future studies were stated. It was recom</span><span style="line-height:1.5;">mended that</span><span style="font-size:10pt;"> </span><span style="line-height:1.5;">the country must improve its financial market by removing financial restraints that hinder Cameroon firms from getting into export markets. In addition, the Cameroon leaders should focus on improving human capital through training and development. Training methods must be improved; a comprehensive plan for training and development must be implemented. Moreover, Cameroon leaders should ensure that their attention to FDI does not overshadow do</span><span style="line-height:1.5;">mestic small businesses. The study established that although there were positive relationships between FDI and eco</span><span style="line-height:1.5;">nomic growth in the developing countries such as Cameroon, the findings were inconclusive. Future research should further study the effects of FDI on economic growth using endogeneity growth theory in multi developing countries to determine if the study findings from this dissertation can be supported in other settings.</span> </div

A Framework of Entrepreneurial Competencies: A Case Study of Cameroon

“…The country has a population of 24,827,091 and is divided into ten regions, with 8 and 2 regions speaking French and English. Cameroon faces many economic and political problems such as poor technology advancement, corruption, high unemployment, and a poor standard of living (Akwaowo, 2012).…”

Exploring the Neo-Colonial Influence of Chinese FDI and Western Power on the Evolution of Labor Market Policies in a Developing Country

“…We respond to this call by examining the case of Cameroon (whose largest trading partner is China), where the effectiveness of the state to create, transform, or enforce rules had been ostensibly weak since independence (Dickerson, 2007;Geary & Nyiawung, 2021). The influx of Chinese investments into the country has taken place against the backdrop of the professed Cameroon's business system which has gravitated from a socialist (independence in the 1960s to 1988) to a Western-imposed capitalist (recession of 1989 to 2006) and back to a socio-nationalist orientation (2007 forward) (Akwaowo, 2013;Forje, 2008). However, one of the most significant challenges in the country relates to weak labor market institutions, particularly work and employment policies and practices (Aloumedjo, 2018;UNCTAD, 2017).…”