Economy of Cameroon Essay Example | Topics and Well Written Essays - 1250 words

Economy of Cameroon - Essay ExampleFood producing industry is extremely developed especially comparing to other Africa countries, so Cameroon is self-sufficient on the domestic food market and even exports livestock to neighbor countries such as Nigeria, Equatorial Guinea, and the Republic of the Congo. Industrial fishing reduces its development because of a low level of fish in the region and doesnt make a great income anymore (Benneh, G). Quite opposite is a wood producing industry. One-third from all Cameroons forests is widely exploited now. Raw wood export is one of the nigh important welkins of Cameroons infrastructure and gives about one-tenth from the general export income. For the worlds market, Cameroon (along with Brazil and Indonesia) is one of the main timber (industrial wood) producers. Because of the agricultural sectors successful functioning, most of the population in Cameroon is involved in this sector as workers. But theres an expansion tendency in wood produci ng industry, so Cameroon now suffers from illegal logging.Another problem which camps countrys economic development comes from its forests location a lot of natural goods in Cameroon set up in forests areas. Potentially, Cameroon is one of the worlds largest producers of cobalt, but the country doesnt develop cobalt locations in the forests areas. In these circumstances, oil and gas producing industry is most important for the economy of the country. Though compared to other countries it isnt big, it gives Cameroon about one-fourth of a general income.