Arbeitspapier
Effects of globalization on peace and stability: Implications for governance and the knowledge economy of African countries
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: AGDI Working Paper ; No. WP/17/014
- Classification
-
Wirtschaft
Education and Research Institutions: General
Education: Government Policy
Illegal Behavior and the Enforcement of Law
Economic Development: General
Economywide Country Studies: Africa
- Subject
-
Globalization
peace and stability
Governance
knowledge economy
African countries
- Event
-
Geistige Schöpfung
- (who)
-
Amavilah, Voxi Heinrich S.
Asongu, Simplice
Andrés, Antonio R.
- Event
-
Veröffentlichung
- (who)
-
African Governance and Development Institute (AGDI)
- (where)
-
Yaoundé
- (when)
-
2017
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Amavilah, Voxi Heinrich S.
- Asongu, Simplice
- Andrés, Antonio R.
- African Governance and Development Institute (AGDI)
Time of origin
- 2017
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