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