Effects of Globalization on Peace and Stability: Implications for Governance and the Knowledge Economy of African Countries

Technological Forecasting and Social Change,122 (September 2017), pp. 91-103

African Governance and Development Institute WP/17/014

34 Pages Posted: 20 Apr 2017 Last revised: 22 Jul 2017

See all articles by Voxi Heinrich S. Amavilah

Voxi Heinrich S. Amavilah

REEPS

Simplice Asongu

African Governance and Development Institute

Antonio Andrés

Universidad Camilo José Cela

Date Written: January 1, 2017

Abstract

We argue that there exists an indirect link between globalization and the knowledge economy of African countries in which globalization influences ‘peace and stability’ and peace and stability affects governance, and through governance the knowledge economy. We model the link as a three-stage process in four testable hypotheses, which permits an empirical analysis without sacrificing economic relevance for statistical significance. The results indicate that the impacts on governance of peace and stability from globalization defined as trade are stronger than those of peace and stability resulting from globalization taken to be foreign direct investment. We conclude that foreign direct investment is not a powerful mechanism for stimulating and sustaining the African knowledge. However, since the effects of globalization on peace and stability can influence governance both positively and negatively, we also conclude that the prospect for the knowledge economy in African countries may be realistic and attainable, as long as these countries continue to engage in the kind of globalization that enhances peace and stability.

Keywords: Globalization; peace and stability; Governance; knowledge economy; African countries

JEL Classification: I20; I28; K42; O10; O55

Suggested Citation

Amavilah, Voxi Heinrich S. and Asongu, Simplice and Andrés, Antonio, Effects of Globalization on Peace and Stability: Implications for Governance and the Knowledge Economy of African Countries (January 1, 2017). Technological Forecasting and Social Change,122 (September 2017), pp. 91-103; African Governance and Development Institute WP/17/014 . Available at SSRN: https://ssrn.com/abstract=2955659

Voxi Heinrich S. Amavilah

REEPS ( email )

P.O. Box 38061
Phoenix, AZ 85069-8061
United States

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Antonio Andrés

Universidad Camilo José Cela ( email )

Castillo de Alarcón, 49 Urb
Villafranca del Castillo
Madrid
Spain

HOME PAGE: http://www.ucjc.es

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