The measures taken by Cameroonian authorities will reduce the impact of external shocks on the exchange rate and equally cushion the shock from sudden changes in the price of commodities or the value of the U.S. dollar.
The declaration by President Mitterrand in June 1990 at the Franco-African Summit at the La Baule in which he asserted that France was going to henceforth support only countries that made greater democratic progress was a remarkable step in the resolution of the summit.
Trade liberalization is an essential prerequisite for economic development, and the African Continental Free Trade Area will not only boost intra-African trade, but it will also equally create the foundations for sustainable economic development, regional integration, and a faster pace of industrialization (Ndung’u and Signé 2020).
Trade openness causes greater competition between local and foreign suppliers. This causes the price of inputs to fall and gives local producers access to a bigger market. In addition, trade plays an important role in helping the environment since it serves as a channel for green technology transfer.
Taxation is one of the most effective internal measures that the government use to raise resources needed to meet their social, economic and political objectives.