Knowledge, Productivity, and Innovation in Nigeria : Creating a New Economy
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 creati...
Main Authors: | , |
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Language: | English |
Published: |
World Bank
2012
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Subjects: | |
Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100325015227 http://hdl.handle.net/10986/2424 |
Summary: | 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. |
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