Knowledge, Productivity, and Innovation in Nigeria: Creating a New Economy (Directions in Development)

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9780821381960: Knowledge, Productivity, and Innovation in Nigeria: Creating a New Economy (Directions in Development)

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.

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Ismail Radwan, Giulia Pellegrini
Published by World Bank Publications, United States (2010)
ISBN 10: 0821381962 ISBN 13: 9780821381960
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Book Description World Bank Publications, United States, 2010. Paperback. Book Condition: New. Language: English . Brand New Book. Nigeria has a bold vision of becoming one of the top twenty economies in the world by the year 2020, as per its ?Nigeria Vision 2020? strategy. Although currently 8th in the world in terms of population, the country ranks 41st in terms of GDP and 161st in terms of GDP per capita. But Nigeria is also a powerhouse on the African continent by virtue of its size and its vast oil wealth. How can this enormous potential be realized and what policies are needed to achieve this ambitious dream of economic growth and prosperity? The authors believe that the goal of becoming a top-twenty economy can only be achieved if Nigeria makes the transition to a new economy based on knowledge, productivity and innovation in order to be competitive in a 21st century context. Knowledge has always been central to development and nowadays is becoming truly global, accessible and democratic, through new technologies and means of communication. Countries such as Korea, India and the USA that can harness the power of new technologies nurture a cadre of knowledge workers that can push the productivity and innovation frontiers. Others that fail to do so remain mired in poverty. To achieve Vision 2020, Nigeria needs to move beyond the stop-start development patterns of an oil-based economy to create a stable and prosperous base for a 21st century society built on a critical mass of knowledge workers. How can Nigeria prepare for this century and which areas must focus on to achieve the vision of a new Nigeria? This report seeks to answer these questions. Bookseller Inventory # AAN9780821381960

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Ismail Radwan, Giulia Pellegrini
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Book Description World Bank Publications, United States, 2010. Paperback. Book Condition: New. Language: English . Brand New Book. Nigeria has a bold vision of becoming one of the top twenty economies in the world by the year 2020, as per its ?Nigeria Vision 2020? strategy. Although currently 8th in the world in terms of population, the country ranks 41st in terms of GDP and 161st in terms of GDP per capita. But Nigeria is also a powerhouse on the African continent by virtue of its size and its vast oil wealth. How can this enormous potential be realized and what policies are needed to achieve this ambitious dream of economic growth and prosperity? The authors believe that the goal of becoming a top-twenty economy can only be achieved if Nigeria makes the transition to a new economy based on knowledge, productivity and innovation in order to be competitive in a 21st century context. Knowledge has always been central to development and nowadays is becoming truly global, accessible and democratic, through new technologies and means of communication. Countries such as Korea, India and the USA that can harness the power of new technologies nurture a cadre of knowledge workers that can push the productivity and innovation frontiers. Others that fail to do so remain mired in poverty. To achieve Vision 2020, Nigeria needs to move beyond the stop-start development patterns of an oil-based economy to create a stable and prosperous base for a 21st century society built on a critical mass of knowledge workers. How can Nigeria prepare for this century and which areas must focus on to achieve the vision of a new Nigeria? This report seeks to answer these questions. Bookseller Inventory # AAN9780821381960

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Book Description World Bank Publications 3/12/2010, 2010. Paperback or Softback. Book Condition: New. Knowledge, Productivity and Innovation in Nigeria: Creating a New Economy. Book. Bookseller Inventory # BBS-9780821381960

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Book Description World Bank Publications. Paperback. Book Condition: New. Paperback. 188 pages. Dimensions: 8.9in. x 6.0in. x 0.5in.Nigeria has a bold national vision of becoming one of the worlds 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. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Bookseller Inventory # 9780821381960

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Book Description World Bank, 2010. Paperback. Book Condition: Brand New. 144 pages. 9.00x6.00x0.50 inches. In Stock. Bookseller Inventory # __0821381962

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