Naslov
Effects of globalization on peace and stability: Implications for governance and the knowledge economy of African countries

Autori
Amavilah, Voxi ; Asongu, Simplice A. ; Andrés, Antonio Rodriguez

Izvornik
Technological Forecasting and Social Change (0040-1625) 122 (2017); 91-103

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Globalization ; Peace and stability ; Governance ; Knowledge economy ; African countries

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA