The Paradox of Africas economical Development By Kingsly AWANG OLLONG (Ph.D) frugal History, Assistant Lecturer, subdivision of History, University of Bamenda Tel: 237 76 10 24 38 Email: awangollong@yahoo.fr Abstract The time for Africa to lead up its industrial and sparing development through the efforts and initiatives of African states and citizens has dawned. The substance corrupt of begging and borrowing coupled with the blaming of Colonialism and Neo-colonialism and the Multinational Corporations should be abandoned. in that respect is need for a rethink ab start strategies and implementation plans for sustainable and equitable economic and social development. Africa has the potential to stand on its own feet to startle its industrial and economic development agenda. This written report presents empirical evidence supported by studies and examples of concrete sources w ith academic argument to make a contribution towards the industrial and economic development of Africa and the lesson a country like Cameroon can prepare to push its development agenda forward. Key words: stinting development; FDI; Multinational corporations Poverty; natural resources AWANG OLLONG Kingsly is a carrier of a Ph.D in History with special interest in Business History.
He is currently an assistant lecturer in the Department of History, University of Bamenda, Cameroon. Introduction Member states of the Organisation of African a tomic number 53 (OAU) met in Lagos in 1980 t! o initiate what came to be known as Lagos be after of Action. It would be ideal to summon a truly important statement from the document that came out of the conference to initiate this discussion: We view with disquiet the overdependence of the economic system of our continentThis phenomenon has do African economies highly susceptible to the international development and with negative effects...If you want to get a copious essay, order it on our website:
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