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[Crisis, economic policy reforms and employment in Yaounde] Crise, reformes des politiques economiques et emploi a Yaounde.
Paris, France, Centre Francais sur la Population et le Developpement [CEPED], 2001 Sep. 35 p. (Dossiers du CEPED No. 64)Cameroon has experienced economic recession since 1987, from which it is now only barely emerging. This paper examines the impact of the economic crisis and economic reforms implemented to improve the situation upon employment in Yaounde. Results are based upon the analysis of data drawn from a literature review of research upon the problem, conducted in Yaounde during November-December 1996, by CEPED and IFORD. The study explored labor market access, job losses, and unemployment. The economic crisis and subsequent corrective measures were found to have a disastrous impact upon employment in the city, restricting young people’s access to jobs, particularly in the public sector, and provoking numerous layoffs especially in the modern employment sector. The number of job layoffs increased throughout the implementation of stabilization and internal adjustment measures recommended by the World Bank and International Monetary Fund. These job losses and limited access to job markets increased unemployment levels among the city’s youth. Neither stabilization and adjustment measures, nor currency devaluation stimulated employment in Yaounde, a city in which available human resources are currently underutilized.