Building Knowledge Economies in Africa: A Survey of Policies and Strategies

African Governance and Development Institute WP/17/021

31 Pages Posted: 19 Jun 2017

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Jacinta Nwachukwu

Coventry University

Date Written: June 17, 2017

Abstract

Compared to other regions of the world, Africa is lagging in its drive toward knowledge-based economies. This study surveys the literature in order to highlight the policies and strategies with which African countries can accelerate their current drive towards knowledge economies. These are discussed in terms of the four pillars of the World Bank’s knowledge economy framework. They are the indices for: (i) education and skilled population, (ii) information and communication technology, (iii) economic incentives and institutional regime and (iv) innovation systems.

Keywords: Knowledge economy; Development; Africa

JEL Classification: O10; O30; O38; O55; O57

Suggested Citation

Asongu, Simplice and Nwachukwu, Jacinta, Building Knowledge Economies in Africa: A Survey of Policies and Strategies (June 17, 2017). African Governance and Development Institute WP/17/021. Available at SSRN: https://ssrn.com/abstract=2988293 or http://dx.doi.org/10.2139/ssrn.2988293

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Jacinta Nwachukwu

Coventry University ( email )

Priory Street
Coventry, CV1 5FB
United Kingdom

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