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4 - Drivers of and Challenges to the Fourth Industrial Revolution in Africa

Published online by Cambridge University Press:  08 June 2023

Landry Signé
Landry Signé
Affiliation:
Stanford University, California
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Summary

Chapter 4 provides an overview of demand-side and supply-side drivers using literature and the Global Innovation Index indicators to explain a country’s ability to prepare for innovation. Supply-side drivers look at factors such as R&D development, the skills of a workforce, and the environment to foster innovative thinking and services. Demand drivers are the primary sources of innovative activity that can range depending on the country; some examples are entrepreneurs, governments, firms, or academia. After reviewing both drivers, the challenges and risks of the Fourth Industrial Revolution in Africa are addressed. The chapter concludes with seven disadvantages and risks and explains how key opportunities will be discussed in the next chapter.

Keywords

Research and Technological DevelopmentConsumer WillingnessEntrepreneurshipICT DevelopmentUrbanizationInfrastructure GapsAfrican Youth Population GrowthMobile and Broadband PenetrationForeign InvestmentGlobal Innovation Index (GII)
Type
Chapter
Information
Africa's Fourth Industrial Revolution , pp. 49 - 57
Publisher: Cambridge University Press
Print publication year: 2023

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