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

Voxi Heinrich Amavilah, Simplice Asongu and Antonio Andres

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: Globalization; peace and stability; Governance; knowledge economy, African countries (search for similar items in EconPapers)
JEL-codes: I20 I28 K42 O10 O55 (search for similar items in EconPapers)
Date: 2017-01
New Economics Papers: this item is included in nep-cse, nep-int and nep-knm
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Citations: View citations in EconPapers (155)

Published in Technological Forecasting and Social Change September.122(2017): pp. 91-103

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Related works:
Journal Article: Effects of globalization on peace and stability: Implications for governance and the knowledge economy of African countries (2017)
Working Paper: Effects of globalization on peace and stability: Implications for governance and the knowledge economy of African countries (2017)
Working Paper: Effects of globalization on peace and stability: Implications for governance and the knowledge economy of African countries (2017)
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