Wednesday, 9 March 2016

Cameroon at the 151st spot of most globalised country

The École Polytechnique Fédérale de Zurich (EPFZ) publicly revealed, on 4 March 2016, its 2016 ranking of the most globalised countries in the world, which reflects the level of economic, social and political globalisation in 192 countries throughout the world. Cameroon takes the 151st spot in the world, and 38th in Africa.

In the CEMAC area, Cameroon is preceded by Gabon (112nd worldwide and 14th in Africa) and the Republic of Congo (134th worldwide and 25th in Africa). The three other CEMAC countries being Chad (170th worldwide and 44th in Africa), the Central African Republic (47th in Africa and 175th worldwide) and Equatorial Guinea (52nd in Africa and 190th worldwide) are among the last 10 of this ranking dominated in Africa by Morocco, Mauritius and South Africa; and by the Netherlands, Ireland and Belgium at the world level.

According to the authors, the economic aspect of the globalisation in this ranking takes into account criteria such as the importance of trade, investments and cross-border income against the gross domestic product (GDP), as well as the impact of trade barriers and restrictions on flow of capitals.

The social dimension of globalization, we learned, is here measured based on personal cross-border contacts in the form of telephone calls and post mail; tourist flows and the importance of resident foreign population; the flows of cross-border information from internet, television and foreign press; as well as exports and imports of books against the GDP.

The political dimension of globalisation is measured by the number of foreign embassies in a country, the number of international organisations to which the country belongs, the number of UN peace missions to which the country contributed and the number of bilateral and multilateral agreements signed by the country since 1945.

Source: Business in Cameroon

1 comment:

  1. Cameroon, like the rest of Francophone Africa is a glorified French prison. The use of French currency, the Franc CFA, and other economic shackles embedded in colonial treaties, to ensure that France continues to maintain effective control over the economic life of Cameroon.

    Cameroon would never truly be free to integrate into the global economy. It would, by design, continue to suffocate under a stealth form of economic dependence on France.