3.2 – Innovation Economy for Africa

3.2 – Innovation Economy for Africa
An innovation economy is one that positions knowledge, technology, entrepreneurship, and innovation process as integrated pillars, effected by policy, to enhance growth and development. It encapsulates an economic regime in which growth is dependent on the quantity, quality, and accessibility of the information available, rather than on the means of production. It spurs higher productivity through higher value creation and not just through market price signals in using scarce resources.  It is an economy that relies more on knowledge and technology over mere production factor accumulation in capital and labor. It is more collaborative and entwined efficiently connecting firms, governments and societies.  It produces…
To access this content, you must subscribe to this Africa's Sankofa Innovation or Cybersecurity And Digital Forensics, or log in if you are a member.

Share this post