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, African socialism, under the guidance of its first president, Ahmadou Ahidjo.
Under planned liberalism, the state began regulating and managing natural resources and guiding foreign investment into specific economic sectors or geographic areas.
In the process, the government has partnered with foreign firms to set up various parastatal enterprises.
Cameroon under Paul Biya has since increasingly turned to privatisation of state-owned industries to stimulate its economy.