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Nigeria has a bold national vision of becoming one of the world s top 20 economies by 2020. However, despite being the 8th most populous country in the world, it ranks 41st in terms of GDP and 161st in terms of GDP per capita. Nigeria has long depended on oil for its exports and government revenues. This dependence has led to rent seeking and a reluctance to examine potential avenues for economic diversification. The authors of 'Knowledge, Productivity, and Innovation in Nigeria' believe that the goal of becoming a top-twenty economy can only be achieved if Nigeria makes the transition to a new economy rooted in the 21st century that harnesses the power of knowledge and avoids a static oil-based growth strategy. Knowledge has always been central to development, but new technologies have made it globally accessible. Countries such as the Republic of South Korea, India, and the United States that have exploited new technologies and know-how have pushed their innovation and productivity frontiers. Countries that have failed to do so risk remaining mired in poverty. In order to achieve Vision 2020, Nigeria must move beyond the stop-start patterns of oil-based development that have characterized it since independence. It must create a stable and prosperous economy based on a critical mass of knowledge workers. Knowledge, Productivity, and Innovation in Nigeria examines how Nigeria can prepare for this century and where its leaders can focus to achieve their vision, presenting the experiences of other countries from which Nigeria can learn.
The volume analyses how to make Science, Technology and Innovation (STI) Policies relevant for inclusive growth strategies in Africa.The base for a transformative STI policy is to link the STI policies to Africa's economic transformation policies. In a first part the general issues of introducing effective STI policies are presented. In a second part country case studies highlight the new approach. Cases such as Sudan and Nigeria are analysed, as these two countries have a long history of STI development; because of different history, size and structure they need to move in different directions towards a coherent STI policy for inclusive growth.
This book combines theoretical perspectives and empirical evidence on open innovation and entrepreneurship as two essential ways to help entrepreneurial businesses grow and achieve a competitive advantage. Discussing essential issues at the nexus of entrepreneurship and open innovation, such as enterprise growth, creating competitive advantage, implementation of open innovation, and the overall corporate strategy, the respective contributions demonstrate how open innovation can provide a vital impetus to the growth of entrepreneurial businesses and pave a new way to achieving a competitive edge.
The most popularised concept in the economics of innovation literature has been the national system of innovation (NSI). It was in the late 1980s that the concept that Frederik List coined as the National Political Economy of Production took off again with different thinkers writing about the peculiarities and distinctions of the Japanese, American, British, German, East Asian Tigers and other varieties of system construction. Freeman defines National System of Innovation as the network of institutions in the public and private sectors whose activities and interactions initiate, import, modify and diff use new technologies. Richard Nelson defines it as a set of institutions whose interactions determine the innovative performance of national firms. Lundvall defines the system of innovation as the elements and relationships which interact in the production, diffusion and use of new and economically useful knowledge and are either located within or rooted inside the borders of a nation state. The normative assumption is that those nations that succeeded in building economic strength relied on the science, engineering, technology and innovation capability that made them to achieve an innovation advantage to put them ahead in the world, acquiring national or regional economic leadership as the case may be depending on what level of analyses is selected to look at particular failure, success or progress they made. In this volume we have a glimpse of how in different African economies from Ghana, Uganda, Kenya, South Africa and Nigeria specific cases have been taken to explore how systems of innovation is evolving.
The aim of this book is to review the innovation systems in their "classical" version before defining them in the light of emerging economies through the objectives of economic and sustainable development. If we return particularly to the innovation system and its importance, we will show through these new MINTs that their innovation systems are perpetuated, based on very localized experiments, despite the fragility of their links, the lack of national coherence of innovation and above all the weakness of their innovation policy.
Over-reliance on oil challenges the long-term sustainability of an economy. The UAE’s government has placed considerable focus on a comprehensive strategic planning exercise to transform the country’s economic structure from relying heavily on hydrocarbon resources to becoming a knowledge-based economy. Non-oil is to account for 80% of the country’s economy by 2021. From Oil to Knowledge examines the role of this major powerhouse of the Arab World to transform itself into a leader in the adoption of science, technology and innovation to drive economic success on the international stage.In this first book to present and critically evaluate the extent of the UAE’s success in diversifying its economy and implementing the principles and approaches of a Knowledge Economy, the authors identify the achievements of the government to date and the areas of further development. From Oil to Knowledge will be utilized as a guide by policymakers and senior managers to enhance their ability to think strategically towards implementing the pillars of a Knowledge Economy within their own organisations and nation states.
This Research Handbook offers contextualized perspectives on entrepreneurship in emerging economies. Emphasizing how national context profoundly shapes incentives for entrepreneurial efforts, chapters dissect the opportunities emerging from various institutions and social practices from the Middle East, North and Sub-Saharan Africa, Asia and Latin America. This Handbook is an ideal guide for researchers working on emerging economies, particularly those with an interest in global entrepreneurship.
In a world in constant fl ux, creativity and innovation are essential qualities for successful individuals, executives, and industry leading companies. In The Making Identity, Omada King, in his characteristic and unique style intertwines intellectual and industry ideas and concepts with scriptural insights and revelations in a very humble and honest, but frank, inspiring and persuasive way to give the reader and his audience an interesting, informative and profi table experience. The Making Identity: Passwords to Personal Success and Global Transformation will help you understand: Why you must accept personal responsibility and be part of the irresistible and phenomenal wave of socioeconomic, political and spiritual revolution and transformation that has taken on our nation and the world, How to leverage an individual, cultural, corporate, spiritual and national identity, How to attain and advance peacefully and comprehensively in your pursuit of true fulfi llment, How to acquire and maintain strategic advantage to achieve your purpose, objectives, and goals through ingenuity and innovation, How to create and distribute values and products, and gain visibility, promotion, and profi tability in a crowded world without stress or cutting corners, And many more It is guaranteed that if you read this book with an open mind and a sense of responsibility, you will gain insights and ideas, and develop concepts and guiding principles that will take you beyond where you are to a world of unlimited possibilities, excellence, productivity, profi tability, and security that our hearts crave for. Lets begin, and you will fi nd out!
This proceedings book reflects the alternative way of development of the modern global economic system. It sets evolutionary development in opposition to revolutionary leap. The search for the best way to develop the world economy in the present and future is carried out. The social environment and the human-centered development of the modern global economic system have been explored. The features of training of personnel for the modern global economic system through the development of vocational education and training have been studied. Sustainable development, energy and food security have been identified as significant milestones of the progress of the modern global economic system. Innovations and digital technologies have been suggested as the drivers of growth and development of the modern global economic system. Consideration has been given to the institutional framework and legal groundwork for the development of the modern global economic system. The fundamentals have been identified and recommendations have been put forward for improving governmental regulation, financial and capital investment support for integration in the modern global economic system. The book includes the best works based on the results of the 22nd International Research-to-Practice Conference “Current Issues of the Global Economy” which was held on June 19, 2020, at the Peoples’ Friendship University of Russia (PFUR) (Moscow, Russia) and the 14th National Research-to-Practice Conference “A New Paradigm of Social and Economic Development in the Age of Intelligent Machines,” which was held on May 14–16, 2020 (Nizhny Novgorod, Russia), VIII International Research-to-Practice Conference “Multipolar Globalization and Russia,” which was held on May 21–23, 2020 (Rostov-on-Don, Russia), III All-Russian Research-to-Practice Conference “Power, Business, and Education: The Ascent to Man,” which was held on May 21–22, 2020 (Krasnoyarsk, Russia), International Research-to-Practice Conference “Current Issues and Ways of Industrial Development: Engineering and Technologies,” which was held from September 28, 2020, till October 1, 2020 (Komsomolsk-on-Amur), and the 15th National Research-to-Practice Conference “New Models of Behavior of Market Players in the Conditions of Digital Economy,” which was held on October 29–30, 2020, at Ufa State Oil Technical University, Institute of Economics and Service (Ufa, Russia). The target audience of the book consists of scholars studying the features of development of the global economic system at the present stage and the prospects for its future progress.