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Periodical article | Leiden University catalogue | WorldCat |
Title: | Globalisation, Institutional Arrangements and Poverty in Rural Cameroon |
Author: | Baye, Francis Menjo |
Year: | 2003 |
Periodical: | Africa Development: A Quarterly Journal of CODESRIA (ISSN 0850-3907) |
Volume: | 28 |
Issue: | 3-4 |
Pages: | 112-141 |
Language: | English |
Notes: | biblio. refs. |
Geographic terms: | Cameroon West Africa |
Subjects: | rural population global economy rural poverty Economics and Trade Agriculture, Natural Resources and the Environment Economics, Commerce globalization poverty Financial institutions debt democracy |
External link: | https://www.jstor.org/stable/24482697 |
Abstract: | This article posits that the institutional environment, which is constantly modified by the forces of globalization, significantly influences access to and returns on primary assets that determine poverty outcomes in rural societies. Within the framework of institutional economics related to globalization, rural institutions and poverty, the article, firstly, identifies monetary and exchange rate arrangements, public debt burden, democratic culture and rent-seeking, openness and obstacles to international trade, economic and structural reforms, and NGO activities as the main channels by which the forces of globalization permeate down to the rural poor in Cameroon. Secondly, it considers changes in land tenure arrangements, rural financial markets and marketing of agricultural products as important within the institutional environment that determines the capacity of rural dwellers to build on and derive returns from their primary asset endowments. Good governance is viewed as crucial in curbing socioeconomic difficulties and poverty in rural Cameroon. Bibliogr., notes, sum. in English and French. [Journal abstract] |