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Article: Cameroon does some soul searching.(analysis of Cameroon's poor ranking in per capita income)(Brief article)
- Article from:
- Market Africa Mid-East
- Article date:
- April 1, 2006
CopyrightCOPYRIGHT 2006 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By international per capita income 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 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 topped by Finland. The survey prompted not a little soul searching in Cameroon and according to the Cameroon Tribune (Yaounde), 120 CEOs in ...