The Role of Innovation in Global Development: Historical Perspectives, Theories, and Sectoral Impact

Nakitende Phionah H.

Faculty of Business and Management Kampala International University Uganda

ABSTRACT

Innovation was essential for propelling worldwide progress and revolutionising economies, society, and the environment. Innovation has played a crucial role in driving growth in several fields, from historical revolutions to modern technology breakthroughs. This research examined the many effects of innovation, using historical viewpoints, theoretical models such as Schumpeter’s concept of creative destruction and Rogers’ diffusion of ideas, and sector-specific assessments in the fields of health, education, agriculture, and environmental sustainability. The study analysed the obstacles that impede innovation in developing nations, such as deficiencies in infrastructure and limited financial means, and put forward policy suggestions to promote comprehensive and sustainable development via innovation.

Keywords: Global development, Historical views, Theoretical frameworks, Sector-specific effects, Hurdles to innovation.

CITE AS: Nakitende Phionah H. (2024). The Role of Innovation in Global Development: Historical Perspectives, Theories, and Sectoral Impact. IDOSR JOURNAL OF CURRENT ISSUES IN SOCIAL SCIENCES 10(1): 27-29. https://doi.org/10.59298/JCISS/2024/101.19272930