Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/173620
Authors: 
Amavilah, Voxi Heinrich S.
Asongu, Simplice
Andrés, Antonio R.
Year of Publication: 
2017
Series/Report no.: 
AGDI Working Paper WP/17/014
Abstract: 
We argue that there exists an indirect link between globalization and the knowledge economy of African countries in which globalization influences ‘peace and stability’ and peace and stability affects governance, and through governance the knowledge economy. We model the link as a three-stage process in four testable hypotheses, which permits an empirical analysis without sacrificing economic relevance for statistical significance. The results indicate that the impacts on governance of peace and stability from globalization defined as trade are stronger than those of peace and stability resulting from globalization taken to be foreign direct investment. We conclude that foreign direct investment is not a powerful mechanism for stimulating and sustaining the African knowledge. However, since the effects of globalization on peace and stability can influence governance both positively and negatively, we also conclude that the prospect for the knowledge economy in African countries may be realistic and attainable, as long as these countries continue to engage in the kind of globalization that enhances peace and stability.
Subjects: 
Globalization
peace and stability
Governance
knowledge economy
African countries
JEL: 
I20
I28
K42
O10
O55
Document Type: 
Working Paper
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