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Blog posts : "Economy"

Cameroonians: Stand up and say NO to the Bretton Woods and the NWO

By Aloysius AGENDIA

During my Economics lessons in school, our teacher told us that privatization was a key element in developing the economy of any country. According to him, privatization does not only allow for competition- hence better services,  it also pumps in more money into the government coffers. This is academically true and it is good if it is well implemented.

 However, all that is theory as privatization nowadays has nothing to do with improving services. It is  just the control of power and profits. The privatization especially that preached by the World Bank/IMF is rooted in allowing a totally free market in all sectors with little or no government control.  It is just like the economic partnership agreements APE signed by many African countries with some developed nations. Privatization in Cameroon and most of Africa has had no  impact in quality services.

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Cameroon 2005 Census results: smack of diabolic geo-political planning

By Aloysius AGENDIA

When I wrote that a war of figures was ongoing in Cameroon with respect to the recent “release” of controversial statistics concerning the number of ghost civil servants in the public service, little did I know the time bomb in the war was yet to explode. The Cameroon government on April 12 released the result of the 2005 national population and housing census that puts the number of people in Cameroon at 19.4 million as of January 2010. According to the statistics, 50.5% of the population are women.  Equally, 52% of the population live in urban areas.  Though the total estimate of the population may not be of much worry to average Cameroonians, the various regional projections smack of government’s total dishonesty, bad intent, incompetence and diabolic geo-strategic calculations, pending imminent changes in the National Assembly as well as the distribution of senatorial seats. Look at the following table and read the follow-up analysis.

 

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The Cameroon civil service and the war of figures

The recent outing of the Minister of Economy and Finance, Esimi Menye, to joyfully announced and with much aplomb that 15000 fake civil servants have been caught in the civil service, was at its best, a badly calculated move to cajole those who are not versed with Cameroon mishandling and juxtaposition of statistics.  In fact, the announcement could trigger elite-driven motions of support from party militants, in government efforts at cleaning the civil service of crooks.

 

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Chinese bus plant in Cameroon: An alert to the west.

Few years of economic partnership against decades of economic “aid”

News of the opening of a Chinese bus factory in Douala, Cameroon’s economic capital, is more a fruit of reciprocal relationship and a big lesson to the hitherto “old-time partners” of Cameroon. It shows that Cameroon and Africa is not only a place for raw material but equally, a place where finished goods can be made, a myth that has been propagated by colonial partners for the past 5 decades.

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Governance and accountability: The private and public sector, Punishing embezzlers and thieves in Cameroon

Governance and accountability: The private and public sector, Punishing embezzlers and thieves in Cameroon

Many Cameroonians and bloggers have been pondering on what measures can really be put in place to reduce the alarming rate of bribery, corruption, impunity and inertia that characterises the public and private sector in Cameroon.

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The World financial crisis: greed, failed policies, institutionalised corruption.

Volumes of books and analyses are being written on the causes, effects and aftermath of the current financial crises which is hitting the world. There is no gainsaying about it than to call a spade a spade as to what can be described as the worst financial debacle after the Great Depression of 1929.

Without mincing words, financial crises have often hit various nations at varying levels but that of USA which has gone far beyond it territorial boundaries is because, the country still largely controls the world economy.

The crisis is mere culmination of greed, failed economic policies, ego-centrism, institutionalised state and international corruption and embezzlement, and aggrandisement of wealth by a few countries and aristocratic class. This implies that actors of both the private and public sector are responsible for the current international financial impasse.

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Economic intrigues, the Brettonwoods, and improving African economy

 

Economic intrigues, the Brettonwoods, and improving African economy

A solid monetary platform for Africa to counter the injustice

 

I have always been asking myself how the IMF/Bretton woods works or how the world financial system works and its role in fighting poverty, improving/regula…

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The World financial crisis: greed, failed policies, institutionalised corruption.

 

The World financial crisis: greed, failed policies, institutionalised corruption.

Volumes of books and analyses are being written on the causes, effects and aftermath of the current financial crises which is hitting the world. There is no gainsaying about it than to call a spade a spade …

Read more

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