Rationale

Management education supports economic development:

  • Skilled managers enhance the growth and employment potential of firms
  • Stronger local human capital reduces need for expatriates and attracts foreign direct investment
  • Trained entrepreneurs build more competitive Small and Medium Enterprises

Local business schools can improve the investment climate:

  • Reduce brain drain: students trained locally, stay local
  • Facilitator for government/private sector dialogue
  • Train public officials and civil society leaders in market & management principles

Institution-building requires commitment from a range of stakeholders:

  • A community of shared knowledge spanning rich and poor countries
  • GBSN mobilizing and coordinating resources to build momentum for progress
  • Necessity of a central coordinating body for the Network to operate efficiently
 
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Food for Thought

“One of the often-overlooked determinants of absorptive capacity is management and business talent.”

- Guy Pfeffermann, “Give Africa's B-Schools A Boost”, Business Week, December 26, 2005