By
Kingsly AWANG OLLONG (Ph.D)
Economic 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 abuse of begging and borrowing coupled with the blaming of Colonialism and Neo-colonialism and the Multinational Corporations should be abandoned. there is need for a rethink about 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 reputation presents empirical evidence supported by studies and examples of concrete sources with donnish argument to make a contribution towards the industrial and economic development of Africa and the lesson a country like Cameroon can evolve to push its development agenda forward.
Key words: Economic development; FDI; Multinational corporations Poverty; natural resources
AWANG OLLONG Kingsly is a bearer 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 Unity (OAU) met in Lagos in 1980 to initiate what came to be known as Lagos be after of Action. It would be ideal to quote 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 economy of our
continentThis phenomenon has do African economies highly
susceptible to the external development and with negative effects...If you want to get a full essay, order it on our website: Orderessay
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