Foresighting Economic Spillovers Towards Transformative Change

Abstract

This paper critically reviews the challenges and the opportunities that economic spillovers bring to different sectors. The purpose is to investigate how such spillover could be utilised for the benefit of slow-developing countries as Africa and the Middle East. The work of Karlsson et al. (2018) is used as the main reference for this study.

The outcome of this study shows the importance of having the proper strategies, policies and the right clusters that support the positive exposure of the spillovers as per the country’s competitiveness advantage or needs. This work would have a further implication on the decision-makers and governments that are trying to re-invent their countries economic resources and boost its limited productivity.