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The Dynamics of the Global Value Chains and Disruptive Technologies: Potential and Trends in Africa
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Author(s): Michael Oluwaseun Olomu (National Centre for Technology Management (NACETEM), Nigeria)
Copyright: 2021
Pages: 15
Source title:
Impact of Disruptive Technologies on the Sharing Economy
Source Author(s)/Editor(s): Ford Lumban Gaol (Bina Nusantara University, Jakarta, Indonesia), Natalia Filimonova (Vladimir State University, Russia)and Chandan Acharya (College of Staten Island, City University of New York, USA)
DOI: 10.4018/978-1-7998-0361-4.ch012
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Abstract
The advents of GVCs and disruptive technologies have provided alternative paths to industrialization and economic development for African countries, and with the transformation to digitalization now well under way, another conceptual shift is required to understand the evolving role of disruptive technologies in GVCs. It is evident that technological breakthroughs in the global markets have a spillover effect in the structural settings of African economies value chains, as lower tariffs and rapid technological changes have fragmented production across borders, but some African countries remain marginalized in GVCs. This study, therefore, attempts to preliminarily explain how African economies and markets capture value from disruptive technologies and create their competitive advantages within the global value chains context from the perspective of business-model innovation practices in African markets. Thus, developing African firms should not ignore those disruptive growth opportunities within the large population of mass customers and non-consumers in emerging economies.
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