Education, Technology and Innovation for Global Competitiveness: Evidence from Ghana and Nigeria

Abstract

The paper examined the states of western education, levels of
technological readiness and innovation capacities in Ghana and Nigeria,
in conjunction with the abilities of the two countries’ to achieve their
goal of becoming one of the foremost twenty economies in the world.
The findings showed that differences in country’s global competitiveness
appear to have reflected the differential education, technology and
innovation policy thrusts in Ghana and Nigeria. Moreover, unlike in
Nigeria, where priority was narrowly on macroeconomic and market
efficiency, Ghana did broadly prioritized infrastructural and institutional
deficits without neglecting development of education, technology and
innovation. Thus, inclusive and quality investment in human, managerial
and knowledge capital in addition to the development of physical capital
and pursuance of market efficiency is a worthwhile development strategy
that both countries, especially Nigeria should adopt in a strategic manner.