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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Globalisation, Institutional Arrangements and Poverty in Rural Cameroon
Author:Baye, Francis MenjoISNI
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]
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