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

Knowledge, Productivity, and Innovation in Nigeria: Creating a New Economy
Knowledge, Productivity, and Innovation in Nigeria: Creating a New Economy, 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, Knowledge, Productivity, and Innovation in Nigeria: Creating a New Economy has a rating of 4.5 stars
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Knowledge, Productivity, and Innovation in Nigeria: Creating a New Economy, 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, Knowledge, Productivity, and Innovation in Nigeria: Creating a New Economy
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  • Knowledge, Productivity, and Innovation in Nigeria: Creating a New Economy
  • Written by author Ismail Radwan
  • Published by World Bank Publications, March 2010
  • 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
  • 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
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Authors

Foreword xi

Acknowledgments xiii

Abbreviations xv

Overview 1

Knowledge for Development 1

Charting a Way Forward 6

Notes 10

Part 1 Knowledge, Productivity, and Innovation 11

Chapter 1 Why Is Knowledge So Important for a New Nigerian Economy? 13

What Is a Knowledge Economy? 13

What Does This Imply for Nigeria? 16

Assessing Nigeria's Opportunities and Challenges as a Knowledge-Oriented Economy 18

Chapter 2 Advancing Nigeria's Education System 27

Developing Skilled Human Resources 27

Nigeria's Education System 29

Improving Access, Quality, and Funding 36

Summary: Improving the Nigerian Education System 44

Notes 45

Chapter 3 Improving Nigeria's Business Environment 47

High Cost of Doing Business in Nigeria 47

Major Constraints to Business in Nigeria 48

Summary: Nigeria's Business Environment for the Knowledge Economy 76

Notes 78

Chapter 4 Expanding Nigeria's Information Infrastructure 79

Information Infrastructure is Key to Productivity and Economic Growth 79

Benchmarking Nigeria's Information Infrastructure 80

Summary: Nigeria's ICT Infrastructure 86

Notes 87

Chapter 5 Creating an Innovation Culture 89

What Is an Innovation System? 89

Benchmarking Nigeria's Innovation System 90

Summary: Creating an Innovation Culture 99

Notes 100

Part II Case Studies 101

What Can Nigeria Learn from Other Countries? 101

Chapter 6 India—Creating a Partnership for Knowledge 103

Where Does India Stand on the Knowledge Economy Today? 104

India's Knowledge Economy Strategy 105

Opportunities and Challenges Facing India's Knowledge Economy 108

What Can Nigeria Learn from India's Experience? 113

Notes 114

Chapter 7 China Opening Up to Knowledge Economy Possibilities 115

Recent Issues and Continuing Challenges for China's Knowledge Economy 120

What Can Nigeria Learn from China's Efforts in Making a Transition to the Knowledge Economy? 130

Chapter 8 The Republic of Korea: Coordination as Key to the Knowledge Economy 133

Economic, Social, and Industrial Coordination 133

Reforming Korea's Market Structure through Deregulation 135

Developing a Demand-Driven Education System 136

Developing Korea's Science and Technology Sector 138

Building Information Infrastructure 140

Continuing Challenges 141

What Can Nigeria Learn from Korea's Experience? 142

Chapter 9 Singapore's Transition to the Knowledge Economy: From Efficiency to Innovation 145

Where Does Singapore Currently Stand in the Knowledge Economy? 146

Embarking on a New Innovation Strategy 147

Recent Issues and Challenges Facing Singapore's Knowledge Economy 151

What Can Nigeria Learn from Singapore's Innovation Strategy? 157

Annex: Innovation—The Key to Business Growth: The Irish Story 158

References 163

Index 167


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

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

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