Technological Innovation and the Power of Leapfrogging
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Abstract Technological innovation and the notion of leapfrogging are imperative to Africa’s future and will shape development on the continent in ways that are difficult to anticipate. However, the impact of the shale and tight oil revolution in the USA demonstrates the potential of new technologies to leapfrog aspects of traditional development. This is most likely in the renewable energy space provided the challenges associated with energy storage can be overcome. Already the uptake of mobile phones and the internet have brought financial services to millions and mobile telephony is at the forefront of social change in Africa. Building on the example of what is happening in Ghana that was explored in Chapter 9 , this chapter models the impact of a Leapfrogging scenario.
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