
Contents
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I.1 Cameroon Without Quotation Marks I.1 Cameroon Without Quotation Marks
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I.2 Cameroon’s Economic Experience: Meaning and Relevance I.2 Cameroon’s Economic Experience: Meaning and Relevance
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I.3 Understanding the Economy of Cameroon—and Contributing to Knowledge I.3 Understanding the Economy of Cameroon—and Contributing to Knowledge
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I.4 Economic Behavior, Insocialization, and the Weight of History I.4 Economic Behavior, Insocialization, and the Weight of History
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I.5 Poetics of Sorrow and the Grammar of Happiness I.5 Poetics of Sorrow and the Grammar of Happiness
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Note Note
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References References
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Introduction: The Economics and Poetics of Sorrow
Get accessCélestin Monga, PhD, is Senior Economic Adviser/Director at the World Bank Group and Visiting Professor of Economics at the University of Paris 1 Panthéon-Sorbonne (France) and Peking University (China). He has held various board and senior executive positions in academia, financial services, and international development institutions, serving most recently as Vice-President and Chief Economist of the African Development Bank Group and Managing Director at the United Nations Industrial Development Organization (UNIDO). He previously served on the Board of Directors of the Sloan School of Management’s Fellows Program at the Massachusetts Institute of Technology (MIT), and taught economics at Boston University and the University of Bordeaux. He also worked with the Banque Nationale de Paris Group as Department Head and Branch Manager at the BICEC Bank in Cameroon. Dr. Monga has published extensively on various dimensions of economic and political development. His books have been translated into several languages and are widely used as teaching tools in academic institutions around the world. His most recent works include The Oxford Handbook of Structural Transformation (2019), with J. Y. Lin; Beating the Odds: Jump-Starting Developing Countries (Princeton University Press, 2017), with J. Y. Lin; the two-volume Oxford Handbook of Africa and Economics (2015), with J. Y. Lin; and Nihilism and Negritude: Ways of Living in Africa (Harvard University Press, 2016). Dr. Monga holds graduate degrees from MIT, Harvard University, and the Universities of Paris and Pau.
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Published:26 January 2023
Cite
Abstract
Cameroon’s suboptimal economic experience since independence (1960) sheds light on broader issues of Africa’s development narrative, and provides valuable economic and policy knowledge. While Cameroon’s large informal economy is diverse and resilient and rooted in old business traditions, its formal economy has exhibited low productivity and employment growth for over 60 years. This has brought anger, disappointment, and violent conflict in several regions of the country. For a developing country increases in per capita income arise from advances in technology arise from closing the knowledge and technology gap with those at the frontier. And within any country (especially one like Cameroon), there is enormous scope for productivity improvement simply by closing the gap between best practices and average practices. Standards of living can therefore be improved through the implementation of pertinent learning strategies.
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