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Conclusion and Policy Recommendations: Creating an Enabling Business Ecosystem for Fostering Trade Opportunities in the Digital Age

In: Fostering Trade in Africa

Author

Listed:
  • Gbadebo Odularu

    (Bay Atlantic University
    Socio-Economic Research Applications and Projects (SERAP LLC)
    Center for Research on Political Economy (CREPOL)
    SSCG Consulting)

  • Babatunde Adetunji

    (University of Ibadan)

  • Adenike Odularu

    (Federal Ministry of Industry, Trade and Investment)

Abstract

Over the last decades, commerce has continued to serve as one of the strategic enablers of the African economy. With the recent changes in its trade and international diplomacy, policies focusing on the strategic role of digital trade cannot be overemphasized as the African economy prepares itself for disruptive changes in selected sectors. This concluding chapter presents how the ongoing transition to a digital economy could play out in Africa and the implications for its business opportunities, economic trajectory and policies implementation dynamics. This economic foresight does not aim to predict the future or prescribe policies certainties. Rather, it aims to provide knowledgable tools towards enhancing decision-making capacities in anticipating and addressing Africa’s trade, regional integration and sustainable development challenges. Further, as we identify and capture the benefits that may arise as the economy creates an enabling environment for the implementation of digital tools, these transformative instruments are crucial for fostering trade opportunities and the realization of economic buoyancy.

Suggested Citation

  • Gbadebo Odularu & Babatunde Adetunji & Adenike Odularu, 2020. "Conclusion and Policy Recommendations: Creating an Enabling Business Ecosystem for Fostering Trade Opportunities in the Digital Age," Advances in African Economic, Social and Political Development, in: Gbadebo O.A. Odularu & Mena Hassan & Musibau Adetunji Babatunde (ed.), Fostering Trade in Africa, pages 213-218, Springer.
    • Handle: RePEc:spr:aaechp:978-3-030-36632-2_10
    DOI: 10.1007/978-3-030-36632-2_10
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