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Knowledge, Productivity, and Innovation in Nigeria : Creating a New Economy

Author

Listed:
  • Ismail Radwan
  • Giulia Pellegrini

Abstract

Harnessing knowledge for development is not a new concept. Knowledge has always been central to development and can mean the difference between poverty and wealth. The knowledge economy is not just about establishing high-tech industries and creating an innovative and entrepreneurial culture. Economic literature indicates that simply adopting existing technologies widely available in developed countries can dramatically boost productivity and economic growth. This paper highlights the knowledge economy (KE) issues that confront Nigeria and offers policy prescriptions that will allow the country to take advantage of the opportunities available in moving toward a knowledge-based economy. The Knowledge Assessment Methodology (KAM) developed by the World Bank considers four pillars: a) skills and education, b) business environment, c) information and communications infrastructure, and d) innovation system.

Suggested Citation

  • Ismail Radwan & Giulia Pellegrini, 2010. "Knowledge, Productivity, and Innovation in Nigeria : Creating a New Economy," World Bank Publications - Books, The World Bank Group, number 2424.
    • Handle: RePEc:wbk:wbpubs:2424
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/2424/536450PUB0Inno101Official0use0Only1.pdf?sequence=1
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    Citations

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    Cited by:

    1. A. O. Adesoji & Opeyemi Adewumi, 2018. "Between Commoditization and Utilitarianism: Knowledge Production, Historical Scholarship, and Development in Nigeria," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(3), pages 1014-1031, September.
    2. Lukman Raimi & Hassan Yusuf, 2020. "A Critical Discourse of EI and CA in Emerging Economies: The Place of Nigeria Within the Global Innovation Ecosystems," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 6(2), pages 295-314, July.
    3. Egbetokun A. & Oluwatope O. & Adeyeye D. & Sanni M., 2014. "The role of industry and economic context in open innovation: Evidence from Nigeria," MERIT Working Papers 2014-073, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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