Cameroon Country Economic Memorandum : Markets, Public Administration, and Growth

To become an upper-middle income country by 2035, as targeted in its Vision 2035 document, Cameroon will have to increase productivity and unleash the potential of its private sector. Specifically, Cameroon’s real GDP must grow by around 8 percent...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	PRODUCTIVITY RESOURCE ALLOCATION EXPORT COMPETITIVENESS ECONOMIC GROWTH ECONOMIC REGULATION ROLE OF THE STATE
Online Access:	http://documents.worldbank.org/curated/en/981281491336365033/Cameroon-economic-memorandum-markets-public-administration-and-growth http://hdl.handle.net/10986/26416

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recordtype	oai_dc
spelling	okr-10986-264162021-05-25T09:55:40Z Cameroon Country Economic Memorandum : Markets, Public Administration, and Growth World Bank PRODUCTIVITY RESOURCE ALLOCATION EXPORT COMPETITIVENESS ECONOMIC GROWTH ECONOMIC REGULATION ROLE OF THE STATE To become an upper-middle income country by 2035, as targeted in its Vision 2035 document, Cameroon will have to increase productivity and unleash the potential of its private sector. Specifically, Cameroon’s real GDP must grow by around 8 percent and 5.7 percent in per capita terms over 2015–2035, which in turn will require the investment share of GDP to increase from around 20 percent of GDP in 2015 to 30 percent of GDP in 2035 and productivity growth to reach 2 percent over the same period, from its average rate of zero growth over the past decade. These are daunting yet doable challenges. To make it happen the public sector would need to reinvent itself and change its nature: reduce distortion, promote innovation and increase allocative efficiency; and more competitive markets would be needed to promote productivity gains. Based on the rigorous analysis of the Cameroonian economy using five main sources of data,1 the report will address the following topics: Chapter 1 analyzes constraints to growth, Chapter 2 explores constraints to enhance competitiveness, Chapter 3 examines the role played by the Cameroonian state on these constraints, and Chapter 4 derives from these analyses a set of actionable policy recommendations. The abstract contains the following structure: 1. Underpinnings of Cameroonian economy affecting growth potential 2. Recommendations on nine major areas of collaboration between the government and the private sector. 2017-04-20T21:43:00Z 2017-04-20T21:43:00Z 2016-12 Report http://documents.worldbank.org/curated/en/981281491336365033/Cameroon-economic-memorandum-markets-public-administration-and-growth http://hdl.handle.net/10986/26416 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Country Economic Memorandum Africa Cameroon
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	PRODUCTIVITY RESOURCE ALLOCATION EXPORT COMPETITIVENESS ECONOMIC GROWTH ECONOMIC REGULATION ROLE OF THE STATE
spellingShingle	PRODUCTIVITY RESOURCE ALLOCATION EXPORT COMPETITIVENESS ECONOMIC GROWTH ECONOMIC REGULATION ROLE OF THE STATE World Bank Cameroon Country Economic Memorandum : Markets, Public Administration, and Growth
geographic_facet	Africa Cameroon
description	To become an upper-middle income country by 2035, as targeted in its Vision 2035 document, Cameroon will have to increase productivity and unleash the potential of its private sector. Specifically, Cameroon’s real GDP must grow by around 8 percent and 5.7 percent in per capita terms over 2015–2035, which in turn will require the investment share of GDP to increase from around 20 percent of GDP in 2015 to 30 percent of GDP in 2035 and productivity growth to reach 2 percent over the same period, from its average rate of zero growth over the past decade. These are daunting yet doable challenges. To make it happen the public sector would need to reinvent itself and change its nature: reduce distortion, promote innovation and increase allocative efficiency; and more competitive markets would be needed to promote productivity gains. Based on the rigorous analysis of the Cameroonian economy using five main sources of data,1 the report will address the following topics: Chapter 1 analyzes constraints to growth, Chapter 2 explores constraints to enhance competitiveness, Chapter 3 examines the role played by the Cameroonian state on these constraints, and Chapter 4 derives from these analyses a set of actionable policy recommendations. The abstract contains the following structure: 1. Underpinnings of Cameroonian economy affecting growth potential 2. Recommendations on nine major areas of collaboration between the government and the private sector.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Cameroon Country Economic Memorandum : Markets, Public Administration, and Growth
title_short	Cameroon Country Economic Memorandum : Markets, Public Administration, and Growth
title_full	Cameroon Country Economic Memorandum : Markets, Public Administration, and Growth
title_fullStr	Cameroon Country Economic Memorandum : Markets, Public Administration, and Growth
title_full_unstemmed	Cameroon Country Economic Memorandum : Markets, Public Administration, and Growth
title_sort	cameroon country economic memorandum : markets, public administration, and growth
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/981281491336365033/Cameroon-economic-memorandum-markets-public-administration-and-growth http://hdl.handle.net/10986/26416
_version_	1764462001203970048

Cameroon Country Economic Memorandum : Markets, Public Administration, and Growth

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