Planned liberalism

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Planned liberalism is an economic policy followed in Cameroon since the 1960s that aims to merge the best concepts of capitalism and socialism.

In 1965, Cameroon changed from its previous economic philosophy,

market forces.[1]

Critics claim that planned liberalism has failed due to widespread corruption, overwhelming government bureaucracy, and ill-advised government backing of certain foreign investors. These faults became evident during the economic crisis of the mid-1980s. Cameroon under Paul Biya has since increasingly turned to privatisation of state-owned industries to stimulate its economy.[2]

Notes

  1. ^ DeLancey and DeLancey 6, 221.
  2. ^ DeLancey and DeLancey 221.

References

  • DeLancey, Mark W., and Mark Dike DeLancey (2000): Historical Dictionary of the Republic of Cameroon (3rd ed.). Lanham, Maryland: The Scarecrow Press.


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