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Conclusion and Policy Recommendations: Creating an Enabling Business Ecosystem for Fostering Trade Opportunities in the Digital Age

  • Gbadebo OdularuEmail author
  • Babatunde Adetunji
  • Adenike Odularu
Chapter
  • 24 Downloads
Part of the Advances in African Economic, Social and Political Development book series (AAESPD)

Abstract

Over the last decades, commerce has continued to serve as one of the strategic enablers of the African economy. With the recent changes in its trade and international diplomacy, policies focusing on the strategic role of digital trade cannot be overemphasized as the African economy prepares itself for disruptive changes in selected sectors. This concluding chapter presents how the ongoing transition to a digital economy could play out in Africa and the implications for its business opportunities, economic trajectory and policies implementation dynamics. This economic foresight does not aim to predict the future or prescribe policies certainties. Rather, it aims to provide knowledgable tools towards  enhancing decision-making capacities in anticipating and addressing Africa’s trade, regional integration and sustainable development challenges. Further, as we identify and capture the benefits that may arise as the economy creates an enabling environment for the implementation of digital tools, these transformative instruments are crucial for fostering trade opportunities and the realization of economic buoyancy.

Keywords

Trade opportunities Digitization Enabling business ecosystem Digital payment AFCTA Africa 

References

  1. African Business Magazine (2019) August–September 2019—African Business Magazine. [Online] Available at https://africanbusinessmagazine.com/magazine/august-september-2019/. Accessed 5 Aug 2019
  2. Odularu G (2020) Strategic policy options for bracing Nigeria for the future of trade. Palgrave Macmillan, USA. Available online at https://www.palgrave.com/us/book/9783030345518
  3. Odularu G, Adekunle B (eds) (2017) Negotiating south-south regional trade agreements. Advances in African Economic, Social and Political Development, Cham. Available online at https://link.springer.com/chapter/10.1007/978-3-319-45569-3_1
  4. Odularu G, Alege P (eds) (2019) Trade facilitation capacity needs: policy directions for national and regional development in West Africa. Palgrave Macmillan, USA: Available online at https://www.palgrave.com/br/book/9783030059453

Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • Gbadebo Odularu
    • 1
    • 2
    • 3
    • 4
    • 5
    Email author
  • Babatunde Adetunji
    • 6
  • Adenike Odularu
    • 7
  1. 1.Department of Economics and FinanceBay Atlantic UniversityWashingtonUSA
  2. 2.Socio-Economic Research Applications and Projects (SERAP LLC)WashingtonUSA
  3. 3.Center for Research on Political Economy (CREPOL)Dakar-YoffSenegal
  4. 4.Trade, Economics and Agribusiness DivisionSSCG ConsultingBirminghamUK
  5. 5.American Heritage University of Southern California (AHUSC)OntarioUSA
  6. 6.Department of EconomicsUniversity of IbadanIbadanNigeria
  7. 7.Federal Ministry of Industry, Trade and InvestmentAbujaNigeria

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