How Africa Can Overcome Barriers To Innovation

In advanced countries, government policy has tended to play a significant role in the development of new technologies, often as a byproduct of defense R&D. Spillovers from such investment has led to the creation of commercial (or civilian) products and services, which has driven overall economic growth. Emerging markets exist in a different world. Governments in most emerging markets lack the technical and administrative capabilities, as well as the human and financial resources, to play such a significant role in spurring innovation. This can lead to greater economic space for domestic and foreign companies to take the lead in financing new businesses and driving innovation.

from Forbes – Tech http://ift.tt/2ecV9d0
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