Technology Transfer Strategies for Creating Growth Opportunities in Frontier Markets of Sub-Saharan Africa

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Abstract

In the past decade, Africa has developed from being an extremely impoverished continent with discouraging prospects to a more promising destination and home to some of the fastest growing Frontier Market economies. Approximately 75% of Africans rely on agriculture for their livelihoods, making it the most important economic sector. Despite possessing the world´s largest reservoir of unused arable land (about 60%), Africa has the lowest agricultural productivity, amounting to approximately 10% of global agricultural output. This suggests that scaling up agricultural production in SSA could be the new growth frontier. Evidence has shown that if countries in SSA where using the same level of technology utilized by industrial countries, income levels in SSA would be significantly higher. The paper aims to address this issue, and study how Danish agriculture firms can use technology transfer to create growth opportunities in Frontier Markets of Sub-Saharan Africa.
Original languageEnglish
Publication date3. Aug 2015
Number of pages5
Publication statusPublished - 3. Aug 2015
Event19th McGill International Entreprenuership Conference - Birkbeck, University of London, London, United Kingdom
Duration: 27. Aug 201529. Aug 2015

Conference

Conference19th McGill International Entreprenuership Conference
LocationBirkbeck, University of London
Country/TerritoryUnited Kingdom
CityLondon
Period27/08/201529/08/2015

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