Knowledge is also essential for capacity building and product development and is thus a key catalyst to development. BIS central bankers’ speeches  9  8.0  Conclusion  Africa with its huge natural resources, regional market size and human resources ought not to be a marginal player in the global economy.
Neither the Washington Consensus nor the Beijing Consensus can bring about the desired change. The implications of the structure of African economies need to be critically appraised in order to identify an appropriate African Consensus – for its development model.