HAS AFRICA STARTED TO RISE? PROMISING COMPETITIVE PROSPECTS

Richard T. Mpoyi, Middle Tennessee State University, Murfreesboro, Tennessee, U.S.A.

Published in

EUROPEAN JOURNAL OF BUSINESS RESEARCH
Volume 17, Issue 1, p63-72, March 2017

ABSTRACT

Based on the catch-up hypothesis, this research proposes that the emergence of Asian, Latin American and Eastern European economies presents an opportunity for African countries to start the process of building competitive strength. Increasingly, there are signs that in the near future the continent will attract companies that seek to grow their businesses. However, for Africa to play a meaningful role in the global competitive arena, the paper suggests that institutional transformations need to take place. Fortunately, recent economic data, along with increasing optimism as expressed by both scholars as well as Africans themselves, indicate that Africa’s rise may indeed have started.

Keywords

Africa’s Competitiveness, Catch-up Hypothesis, Emerging Economies, Global Competitive Advantage


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