identify five key technologies/innovations and their advantages and disadvantages to developing countries like Ghana

Explanation:

‘Innovation’ is considered a key driver of economic growth. According to economists, the development or use of innovations – new or improved products, production processes, or even business practices – enables firms to increase their productivity, which in turn leads to higher Gross Domestic Product (GDP).

Innovation is thought to be particularly important for low-income countries. It’s argued that without it, these countries will not be able to transition away from low-productivity activities, such as resource extraction, to more profitable, high-productivity activities such as manufacturing and services.

Yet understanding of innovation in developing countries is currently quite limited. Not enough is known about how much and what kind of innovation is occurring; whether or how these innovations are spread; or what ultimately drives firms to innovate.

Gaining a better understanding of these issues is essential if governments are to develop and implement the right strategies and policies to support growth-enhancing innovation.

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