Entrepreneurship, Education and the Fourth Industrial Revolution in Africa

25 Pages Posted: 10 Jul 2017

See all articles by Wim Naudé

Wim Naudé

University College Cork - Cork University Business School; RWTH Aachen University; IZA Institute of Labor Economics

Abstract

The Fourth Industrial Revolution (4IR) is impacting on the industrialization options for Africa inter alia through three interrelated sets of technologies, namely automation, additive manufacturing and the Industrial Internet. In this paper I set out the case for why Africa should industrialize. I then explore the opportunities and threats the 4IR pose for Africa. Threats include job-losses and the re-shoring of manufacturing to advanced economies. Among the opportunities are products-as-services, the sharing (collaborative) economy, and digital services and digital exports. These are markets that are currently underdeveloped in Africa but have substantial potential given Africa's geography, demography and on-going urbanisation. In order for the continent to benefit from the 4IR more needs to be done to improve entrepreneurship and education. A number of policy recommendations for 4IRcompatible entrepreneurship and education policies are made.

Keywords: industrial policy, entrepreneurship, education, Africa

JEL Classification: O55, O25, O14, O33, L26, J24

Suggested Citation

Naudé, Wim, Entrepreneurship, Education and the Fourth Industrial Revolution in Africa. Available at SSRN: https://ssrn.com/abstract=2998964 or http://dx.doi.org/10.2139/ssrn.2998964

Wim Naudé (Contact Author)

University College Cork - Cork University Business School ( email )

West Wing, Main Quadrangle, College Road
Cork
Ireland

RWTH Aachen University ( email )

Templergraben 55
52056 Aachen, 52056
Germany

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

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