Building Africa’s Knowledge Economy
Published in
1 min readSep 10, 2016
Development economists often differ with one another, but they agree on this: the knowledge economy will be the foundation of every nation’s progress in the twenty-first century. Yet while East Asia and other regions have been making substantial gains in building a knowledge economy, Africa has not.
It is not too late to change that. But to do so requires a shift from “hard” strategies like structural adjustment to “soft” ones — in particular, the development of human capabilities. In engineering that shift, leaders should focus on developing the four pillars of a knowledge economy, as defined by the World Bank’s Knowledge Economy Index.
