Cameroon does some soul searching.
So, the country's business community was understandably stung by its 111th position ranking (out of 117 countries) in the World Economic Forum's most recent World Competitiveness report, famously topped by Finland. The survey prompted not a little soul searching in Cameroon and according to the Cameroon Tribune (Yaounde), 120 CEOs in Cameroon participated in a March 2005 study designed to assess the reasons for Cameroon's poor showing. Results were published by the Tribune on February 21, 2006.
There were 14 variables in the survey, and those that were the least favorable for Cameroon included "access to financing; corruption; heavy taxes; administrative bottlenecks; poor infrastructure; fiscal regulations; mediocre working ethics by the local population; inefficient work force; political instability; restrictive labor laws; inflation; crime and banditry, and settlement of foreign bills." Ironically, Cameroon scored high marks in the World Competitiveness report for its efforts in fighting inflation (it came in 8th), and it scored relatively well in efforts to advance technology (41st place).
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|Title Annotation:||analysis of Cameroon's poor ranking in per capita income|
|Publication:||Market Africa Mid-East|
|Article Type:||Brief article|
|Date:||Apr 1, 2006|
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