Innovate or Die Lessons for Sub-saharan African Economies

Abstract

The widening gap in innovations among nations has received a lot of attention. In what follows, leading innovating economies have challenged themselves to do, but what remains of the laggards is still worth discussing. As a result, this study used articles from high-ranking journals in Scopus and Scimago; and used key terms to ascertain articles via Google Scholar. As found in this study, innovation is the key driver of recent developments seen by many countries and businesses. More specifically, it is observed in this review that innovation drives industrialization, increases productivity, and has a direct link with economic growth. Businesses are seeing growth in sales, sustained businesses, quick and quality service delivery, improved production processes and production volumes, and enhanced performance. In this review, Sub-saharan Africans (SSAs) were observed to have late assimilation of the innovation momentum and there is generally inadequate investment and policy dialogue on innovations in the region. Policymakers and researchers are to begin an extensive inquiry into the stands of SSA economies. SSAs must adopt a need assessment and adopt an appreciative inquiry approach toward investing in innovations and technology.