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Police For Technological Development

“This is a must-read for any business leader who wants to thrive in this time of disruptive change.” — Prof Kofi N. Afful, Retired Associate Professor of Economics at University of Cape Coast & Founding Member of The Evangelical Methodist Church of Christ, headquartered in Cape Coast.

Policies For Technological Development, Innovation And The Sustained Economic Growth Of Ghana

According to Kuznets (1964, 1966, 1970), the following structural changes have accompanied the growth of the advanced industrial and the newly-industrialising economies over time. Click here for more

About the book

The nation of Ghana is stuck in a low level technological trap because, without the provision of adequate infrastructure, development of skills, a thriving capital goods sector, especially design engineering, and a minimum quantum of entrepreneurs, the country is unable to produce anything for herself using domestic resources, and is dependent on imports for most of her needs, and colonial style primary products exportation to pay for import expenditures. Of course, the results are a small and uncompetitive industrial sector, deficits in the fiscal and current accounts, inflation, currency depreciation, debt overhang, inability to fulfil the expectations of the population, and all that this means for good governance.

The book delves into the causes of this lack of technological savvy, and singles out the educational system as the chief culprit. It then suggests that the country can attain sustainable growth if

  • policy makers adopt a development model that ensures sustainability in the growth process;
  • the nation makes a concerted effort to build confidence in the citizens ‘ability to apply technological solutions to socio-economic problems; Click & Download pdf version
  • What People Are Saying

    When it comes to mapping the brave new terrain of social technologies, Prof. S. K. Adjepong is miles ahead of the curve. Policies for Technological / Innovation Development and the Sustained Economic Growth of The Ghanaian Economy serves up a detailed and flexible plan of attack that will prove invaluable to forward-thinkers everywhere.
    Neil Blumenthal
    Professor Sam K. Adjepong
    Principal, Methodist University College
    Whether you're a global brand, small local business, or individual who wants to turn your passion into a livelihood, this book simply and clearly articulates how to channel the power of social media to delight audiences and grow your business.
    Marne Levine
    Isaac Acquah
    Every Country today must think of itself as a technology Innovated and become customer-obsessed. Policies for Technological / Innovation Development and the Sustained Economic Growth of The Ghanaian Economy elegantly, succinctly, and powerfully describes why, how, and what to do.
    Kristin Lemkau
    Dr. Ama Fowa Hammond
    Lecturer, University Of Ghana Legon & Lawyer
    The book is insightful as it highlights not only social Economic practices but fundamental business practices and how Economic leaders need to entirely rethink customer engagement models. The book provides a powerful vision and compelling call to action for company leaders everywhere.
    Yohanna Agyei
    Yohanna Agyei
    Doctoral Student, University of West Florida
    From understanding the needs of millennials to powerful marketing and economic strategies that drive sustained growth, Policies for Technological / Innovation Development and the Sustained Economic Growth of The Ghanaian Economy offers a comprehensive guide to implementing a Technological Development Innovation and culture change to address the complex demands of today’s economy.
    Dave McKay
    Dr. George Owusu Essegbey
    Director, Scientif and Technology Policy Research Institue(STEPRI)
    The book answers a number of questions relating to how to go back to the basics, For example, it raises the quetion of how Ghana can promote and strengthen the linkage between Research and Industrial Development. This is a question which the nation is grappling with.
    Dr. George Owusu Essegbey
    Rev. Tony Mosess
    Oracle Center

    What’s in the book

    I. How Technological change / innovation interacts with Economic Growth and Development

    The first three chapters are devoted to a discussion of the theoretical literature of the interaction between technological change and innovation and economic growth and development. We begin with definitions of growth and development, science and technology and the interaction between them, invention, innovation and diffusion, and the University-industry interaction We need to understand how these concepts are used because they constitute the building blocks of the entire book. This is followed, in chapter 2, by a review of economic growth models because they are inextricably linked with technological development and innovation. Chapter 3 deals with the prerequisites for achieving sustained economic growth.

    II. Growth Models, Technological Change, Innovation and Economic Growth

    The terms technological change, technological development, innovation are used interchangeably in this book. Technological change is a complex set of activities that transforms ideas and scientific knowledge into physical reality and real-world applications (Khalil, 2000). In other words, it is a process that converts knowledge into useful products and services that have socio-economic impact.
    The Harrod-Domar model, introduced into economic literature by Roy Harrod and Evsey Domar, does not contain an explicit technological change variable. There are two reasons for considering it in a work of this nature. First it attempted to explain the growth of an economy that had somehow changed its factor proportions (which determine technological development) in such a way that capital has become the least scarce factor of production, and showed how capital accumulation could proceed even further. Secondly in the actual application of this theory to socio-economic development, injection of capital was made synonymous with technological change.

    III. Education, the Bane of Ghana’s Development Efforts

    The introduction of Western education into Ghana (and Africa) destroyed the African culture of linking education and training to community development and survival, and instead, engendered a mind-set that abhorred and looked down on manual activity, i.e. any activity that was not academic. This mind-set has become a big stumbling block to developmental policy making and implementation.
    The way forward is for government and the managers of education to wake up to the realization of technological development as the prime mover of the development process and to design an educational system which turns out graduates with technological capabilities, and development orientation in addition to philosophers and graduates with administrative skills.

    About the author

    Professor Kofi Nketsia Afful is a retired lecturer in Economics at the University of Cape Coast. He is a product of Achimota School (1955-61), University of Ghana (1962-65), London School of Economics (1966 – 68) and Vanderbilt University, Nashville, Tennessee, Us (1975-81)

  • He served as a member of the Technical Committee on Technology Transfer of the Ghana Investment Centre (GIC), 1986 - 1989
  • Management Board of the Technology Transfer Center of the Council for Scientific and Industrial Research (CSIR), 1986 – 1989
  • President’s Economic Advisory Council, 2009 – 2012
  • He also served as a member of the Board of Directors of the Twifo Oil Palm Plantation Ltd., 1985 – 1992;
  • Ghana Cocoa Board, 2009 – 2013
  • Bui Power Authority, 2014
  • Kofi N. Afful’s first book, On the King's Highway, was a Bible Study Lessons on Fundamental Doctrines of Christianity And Christian Living.

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