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Title Renegerative economy: A pathway to a future-ready, sustainable Africa
ID_Doc 6
Authors Walls, JL; Vogel, LL
Title Renegerative economy: A pathway to a future-ready, sustainable Africa
Year 2023
Published Africa Journal Of Management, 9, 4
DOI 10.1080/23322373.2023.2275110
Abstract Africa is experiencing a period of rapid economic growth, booming population, and migration as biodiversity is deteriorating and the climate is warming. Together, these represent grand societal and environmental challenges. The African Union and the United Nations both promote sustainable development, in which society and nature flourish as the economy progresses. However, achieving this goal is not self-evident. We discuss the concept of regenerative economy and propose it as a path forward for the African context. We identify three levers of action evident in Africa that promote the idea of regenerative economy: clean innovation in technology and business models, leapfrogging through decentralized communication and energy systems, and leveraging African values of horizontal collectivism. We present some case examples of how this can and does work but highlight that achieving regenerative economy en masse depends on scaling up business models, effective governance structures, and capacity building in Africa. If implemented correctly, regenerative economy can offer pathways to a future-ready, sustainable Africa.
Author Keywords Africa; sustainability; sustainable development; regenerative economy; climate change; biodiversity loss; social justice; transition
Index Keywords Index Keywords
Document Type Other
Open Access Open Access
Source Emerging Sources Citation Index (ESCI)
EID WOS:001106389700001
WoS Category Management
Research Area Business & Economics
PDF https://www.tandfonline.com/doi/pdf/10.1080/23322373.2023.2275110?needAccess=true
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