Why is innovation so critical for development?

November 4, 2014

 

What do we mean by innovation? How can governments encourage innovators, and how can this help with development? A new video from Oxford University’s Technology and Management Centre for Development (TMCD) explores these questions, featuring comments from entrepreneurs, policy-makers and researchers.

The video was produced by researchers from DEGRP-funded project ‘Diffusion of innovation in low-income countries’. It is accompanied by a new report based on a pioneering survey which gathered data from more than 500 formal and informal firms from across Ghana. The survey sampled businesses in a large variety of industries to investigate the determinants of innovation in firms under institutional and resource constraints, and how innovation is transmitted in these contexts.