International Debt and Problems of Development: A Case Study of Cameroon between 1980 ? 2000 - Softcover

KINGE, Ruth Fanny

Softcover

ISBN 10: 3838394518 ISBN 13: 9783838394510

Publisher: LAP LAMBERT Academic Publishing, 2010

Synopsis

This study assesses the impact of the international debt burden on Cameroon's development. It is revealed in the study that Cameroon embarked on external borrowing in order to meet domestic expenditure and ensure a stable and viable local economy for meaningful development. Against this background series of international loans were contracted in order to uplift the living standards of Cameroonians. The underdevelopment theory is used as the theoretical framework to guide the study and test the propositions. The findings showed that Cameroon's international debt is a curse rather than a cure as the country devotes a greater part of its resources and revenue to the management of these loans and consequently cannot raise financial capital capable of fostering development. The study recommends the collective will of African countries to build self-sustaining local economies, reject massive expropriation of local resources and capital flight and the consequent rejection of external loans which often come with stringent conditionality meant to perpetuate underdevelopment.

About this title

About the Author

Holds BSc in International Studies and MSc in Political Science from Ahmadu Bello University, Zaria. She is currently a Doctoral Student of the same University. She teaches in the Department of Political Science, Gombe State University, Gombe, Nigeria. She has authored and co-authored several academic papers on gender, politics and development.

Edition details

• Publisher: LAP LAMBERT Academic Publishing
• Publication date: 2010
• Language: English
• ISBN 10: 3838394518
• ISBN 13: 9783838394510
• Binding: Paperback
• Number of pages: 92