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Towards a Knowledge-Based Economy: Challenges and Opportunities for Nigeria

Oluwadare, Adekemi J. (2015) Towards a Knowledge-Based Economy: Challenges and Opportunities for Nigeria. In: 2nd Covenant University Conference on African Development Issues (CU-ICADI), 11th - 13th May, 2015, Africa Leadership Development Center, Covenant University, Ota, Nigeria..

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The competitiveness of economies is increasingly dependent on their capability to create, use and diffuse knowledge. The knowledge economy literature identifies four key pillars of the knowledge economy. These pillars, which cover a wide spectrum of factors relevant to knowledge creation and management, include: Human Capital Development, Information and Communications Technology, Effective Governance, and a developed System of Innovation. The global shift towards the development of knowledge economies calls for an increased emphasis on the role of knowledge in developing the Nigerian economy. The knowledge readiness of the Nigerian economy, when compared with other nations, is low. This paper provides strategic implication for policy making for government and for industry, towards developing a knowledge-based Nigerian economy.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Knowledge Economy, Nigeria, Development.
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 23 Jun 2015 07:08
Last Modified: 23 Jun 2015 07:08

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