Keywords: business, economic growth, globalisation, infrastructure, innovation, institutions, knowledge economy, science and technology, universities, higher education, Africa, strategic policy, economic transformation, economic development
Africa in the global knowledge economy: strategic options
The future of Africa now depends largely on the nature and outlook of its economic vision and the realignment of national institutions to reflect major trends in global and regional economic affairs. Ongoing political reforms in Africa have coincided with the growing realisation that economic growth is mainly a result of the transformation of knowledge (expressed in the form of education, science and technology and the associated institutions) into goods and services. This paper provides elements of a strategic policy outlook for Africa's economic renewal and growth, emphasising the role of science, technology and innovation.