The Role Of Remittances In The Economic Development Of Cameroon

Year 2022, Volume: 8 Issue: 2, 255 - 278, 06.10.2022

Benebuin Ferdinand Sangu

Abstract

The old world and more importantly the 21st century is strongly characterized by the exchange and movement of people, goods, and even services. When countries or institutions discuss free trade issues at length, it is certainly because they have gauged the economic benefits that will result from it. Immigration is as old as time itself but will experience a particular breakthrough thanks to the industrial revolutions (transport, roads, digital...). One of the direct consequences of such activities is the transfer of funds. With the growth and flow of remittances in the world, we will in this work examine the situation of remittances in Cameroon. Our main objective in this study will therefore be to survey the statistics on remittances in Cameroon, but more importantly to highlight the role they play in the country's economic development.

Keywords

Remittances, Economic Growth, Cameroon, Immigration

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