Institutional Analysis of the Determinants of Economic Non-Take-off and High Living Standards in Cameroon between 1990 and 2019
The current economic situation in Cameroon is characterized by a persistent increase trend in the pricing of basic necessities, which is spreading to all other sorts of goods, eroding household purchasing power. The high cost of living is exacerbated because wages, particularly salaries, do not follow the same rising trend as the cost of commodities. Consequently, it is critical to address the dual problem of rising prices and low wealth creation. The goal of this research is to produce a diagnostic that will allow us to recommend a set of economic policy solutions to help Cameroon escape the abyss into which it is currently sinking. We provide an institutional explanation for the return of Cameroon’s high living cost, in addition to the existing theories.
