Cameroon does some soul searching.
By international per capita income Noun 1. per capita income - the total national income divided by the number of people in the nation
income - the financial gain (earned or unearned) accruing over a given period of time standards, Cameroon is a desperately poor country-but by no means is it among the most seriously poor countries. In the CIA's World Factbook ranking of 232 countries, Cameroon is number 179, which places it in the third quartile Quartile
A statistical term describing a division of observations into four defined intervals based upon the values of the data and how they compare to the entire set of observations.
Each quartile contains 25% of the total observations. from the top. The very poorest countries are in the fourth quartile.
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 fa·mous·ly
1. In a way or to an extent that is well known: "his famously neurotic mannerisms [are] lampooned in the novels of Evelyn Waugh" topped by Finland. The survey prompted not a little soul searching in Cameroon and according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. 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 labor law, legislation dealing with human beings in their capacity as workers or wage earners. The Industrial Revolution, by introducing the machine and factory production, greatly expanded the class of workers dependent on wages as their source of income. ; inflation; crime and banditry ban·dit
1. A robber, especially one who robs at gunpoint.
2. An outlaw; a gangster.
3. One who cheats or exploits others.
4. Slang A hostile aircraft, especially a fighter aircraft. , 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).