GTAP Resources: Resource Display
| GTAP Resource #5286 |
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"INNOVATIVE FINANCING, INCLUSIVE AGRICULTURAL GROWTH AND STRUCTURAL TRANSFORMATION IN CAMEROON" by Ndjidda, Ngoura, Eric Patrick Feubi Pamen and Jean-Marie Gankou Abstract The issue of financing the economy is one of the major concerns of governments in developing countries. The development of financial flows, more than exchanges of real flows, is one of the major milestones in economic and financial globalization over the last decade. The financial contribution to Sub-Saharan Africa was up to $ 208 billion, consisting mainly of Official Development Assistance (ODA), portfolio investment (FDI), and MFI ) (ADB, OECD and UNDP, 2016). Foreign direct investment (FDI) by multinational firms or other sources of financing (ODA) constitute one of the components of these exchanges. The most demanding sector for developing countries, like those in sub-Saharan Africa (SSA), is the agricultural sector, which employs more than 70% of the population and accounts for about 30% of GDP on average since independence Of the 1960s. It is also the main source of income for urban households from 10% to 25%. National census data indicate that the number of people employed mainly in the agricultural sector is increasing over the years (Mokwunye, 2010, Yeboah and Jayne, 2015). Agriculture has a very different importance in the economies of different countries, notably Cameroon, but as one might expect, this importance diminishes as GDP per capita increases and the economy changes from one point Structural view. We are gradually moving from subsistence agriculture to industrial agriculture with greater potential. In the least developed countries, the active labor force in the agricultural sector accounted for 66 per cent of the total labor force in 2009, twice the share of agriculture in GDP (FAO, 2012). It can be deduced that agricultural workers generally have lower incomes, as indicated by the fact that poverty is concentrated mainly in the countryside. According to the UNDP 2015 report on development in Africa, almost 85% of poverty is concentrated in agriculture (54%) and services (31%). ... |
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- Trade and the environment - Economic development - Other data bases and data issues - Africa (Central) |
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Last Modified: 9/15/2023 2:05:45 PM
