The impact of the Asian drivers on innovation and development strategies: lesson from Sub-Saharan Africa experience
AbstractThis paper focuses on the impact of the Asian Driver (AD) economies (notably China and India) on the historic commitment by many low income economies to industrialisation. It focuses on recent experience in Sub-Saharan Africa (SSA) to show that (excluding South Africa) the only significant manufactured export has been clothing and that the removal of quotas on Chinese exports shows clearly that SSA is unable to withstand Asian competition in global markets. Rents have thus been significantly reduced in many sectors of manufacturing. But at the same time, there are neglected opportunities for generating and appropriating rents in agriculture and services. Thus, the focus for development strategies targeting sustainable incomes needs to shift from industrialisation to innovation, and within that, to the endogenisation of learning capabilities in an appropriate comprehensive innovation strategy.
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Bibliographic InfoArticle provided by Inderscience Enterprises Ltd in its journal Int. J. of Technological Learning, Innovation and Development.
Volume (Year): 1 (2007)
Issue (Month): 1 ()
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Web page: http://www.inderscience.com/browse/index.php?journalID=240
terms of trade; innovation policy; industrialisation; China; India; Sub-Saharan Africa; economic development; Asian competition in global markets; globalisation; innovation strategy; technological learning; low income economies.;
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