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A New Framework for African Economic Development with a Focus on Technological Innovation

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  • Maswana, Jean-Claude

Abstract

Based on a brief review of the development paradigm shifts, growth theories and perspectives that have influenced four decades of African economic development, this paper suggests that the challenges confronting African development result primarily from continuously shifting paradigms and inconsistent growth policies that neglect the role of technological innovation. Moreover, given these challenges, achieving rates of GDP per capita change that result in an increase in average income over a long period will demand an emphasis on and adoption of technological innovation and R&D, as well as corresponding education policies. In terms of perspective, the survival of African countries in the twenty-first century undoubtedly depends on the continent‘s ability to apply existing scientific and technological knowledge to the achievement of economic growth, income distribution and environmental protection. Engineering the complementarity among these three objectives will require not only institutional and structural adjustments and technological innovation and adoption but also a culture of innovation that most parts of Africa do not currently perceive as a crucial factor for social change.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 5550.

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Date of creation: Jul 2006
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Handle: RePEc:pra:mprapa:5550

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Keywords: Economic Development; Africa; Technology; Development Paradigms;

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References

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  1. Paul Romer, 1989. "Endogenous Technological Change," NBER Working Papers 3210, National Bureau of Economic Research, Inc.
  2. Felix, David, 1989. "Import substitution and late industrialization: Latin America and Asia compared," World Development, Elsevier, Elsevier, vol. 17(9), pages 1455-1469, September.
  3. Gustav Ranis, 2004. "The Evolution of Development Thinking: Theory and Policy," Working Papers, Economic Growth Center, Yale University 886, Economic Growth Center, Yale University.
  4. Dervis, Kemal & Page, John Jr., 1984. "Industrial policy in developing countries," Journal of Comparative Economics, Elsevier, vol. 8(4), pages 436-451, December.
  5. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, Elsevier, vol. 22(1), pages 3-42, July.
  6. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 107(2), pages 407-37, May.
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Cited by:
  1. Amavilah, Voxi Heinrich, 2008. "Domestic resources, governance, global links, and the economic performance of Sub-Saharan Africa," MPRA Paper 11193, University Library of Munich, Germany.
  2. Amavilah, Voxi Heinrich, 2009. "Globalization, governance, and the economic performance of Sub-Saharan Africa," MPRA Paper 15600, University Library of Munich, Germany.

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