How to Stimulate Innovation by Africa’s Private Sector

Governments in advanced economies have historically helped spur commercial innovation, particularly as a result of spillovers from defense related research and development. In many emerging markets, however, government lacks the resources or capabilities to do so. In Africa, as in other emerging mar...

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description Governments in advanced economies have historically helped spur commercial innovation, particularly as a result of spillovers from defense related research and development. In many emerging markets, however, government lacks the resources or capabilities to do so. In Africa, as in other emerging markets, this has created an opening for private firms to drive innovation. By applying advances in technologies, businesses are enhancing productivity and growth across the continent.
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subjects ECONOMIES OF SCALE
EMERGING MARKET ECONOMIES
INNOVATION
PRIVATE INVESTMENT
PRODUCTIVITY
PUBLIC INVESTMENT
PUBLIC-PRIVATE PARTNERSHIPS
RESEARCH AND DEVELOPMENT
title How to Stimulate Innovation by Africa’s Private Sector
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