Did you know about innovation theory and what it says about African economy?

As you by now have hopefully noticed, the aim of this blog is to cast an eye on African innovation. So when I see things titled ‘Why does innovation matter for Africa?‘, I get really excited. In this short but very illuminative article, Professor Mario Scerri of the Institute for Economic Research on Innovation (ieri) gives a comprehensive insight on why innovation is important for Africa from theoretical perspective.

My head is still reeling somewhat (the article is formulated rather scientifically), but this is one of my main take-aways:

«From the perspective of innovation theory, innovation has been brought in as the main driver of growth and development, especially since the second part of the twentieth century which has seen accelerating technological change emerging as the main determinant of the competitive positioning of national economies.»

Sadly it seems that the African Innovation Summit (where the article was published) has been dormant since 2014, but it’s certainly still a source of knowledge.

Let me know what you think of the article on Twitter. I’m looking forward to discussing it with you.

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