Innovation Transfer: Lessons from East Asian Technological Dynamism for Nigeria's Economic Development

Abstract

This study explores lessons for Nigeria's economic development drawn from the technological and economic successes of South Korea, Malaysia, and China. Examining the strategies employed by these East Asian nations reveals key factors contributing to their remarkable growth, including government-led industrialization, investments in education, export-oriented policies, and effective technology transfer initiatives. The findings underscore the significance of government intervention, skilled workforce development, global market participation, and adaptability to changing economic conditions. Recommendations for Nigeria encompass strengthening government leadership, prioritizing education and skill development, fostering export-oriented growth, facilitating technology transfer, and formulating adaptive long-term plans. Implementing these lessons can guide Nigeria towards sustainable economic growth, technological innovation, and enhanced global competitiveness.