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Technological Revolutions, Paradigm Shifts and Socio-institutional Change

In: Globalization, Economic Development and Inequality

Author

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  • Carlota Perez

Abstract

The expert contributors gathered here approach underdevelopment and inequality from different evolutionary perspectives. It is argued that the Schumpeterian processes of ‘creative destruction' may take the form of wealth creation in one part of the globe and wealth destruction in another. Case studies explore and analyse the successful 19th century policies that allowed Germany and the United States to catch up with the UK and these are contrasted with two other case studies exploring the deindustrialization and falling real wages in Peru and Mongolia during the 1990s. The case studies and thematic papers together explore, identify and explain the mechanisms which cause economic inequality. Some papers point to why the present form of globalization increases poverty in many Third World nations.

Suggested Citation

  • Carlota Perez, 2004. "Technological Revolutions, Paradigm Shifts and Socio-institutional Change," Chapters, in: Erik S. Reinert (ed.), Globalization, Economic Development and Inequality, chapter 7, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:1570_7
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    Citations

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    Cited by:

    1. Erik S. Reinert, 2006. "European Integration, Innovations and Uneven Economic Growth: Challenges and Problems of EU 2005," The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics 05, TUT Ragnar Nurkse Department of Innovation and Governance.
    2. Alex Pazaitis & Primavera de Filippi & Vasilis Kostakis, 2017. "Blockchain and value systems in the sharing economy: The illustrative case of Backfeed," Post-Print hal-01676881, HAL.
    3. Adel Ben Khalifa, 2019. "Direct and Complementary Effects of Investment in Knowledge-Based Economy on Innovation Performance in Tunisian Firms," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(2), pages 561-589, June.
    4. Camboim, Guilherme Freitas & Zawislak, Paulo Antônio & Pufal, Nathália Amarante, 2019. "Driving elements to make cities smarter: Evidences from European projects," Technological Forecasting and Social Change, Elsevier, vol. 142(C), pages 154-167.
    5. Mazzucato, Mariana & Robinson, Douglas K.R., 2018. "Co-creating and directing Innovation Ecosystems? NASA's changing approach to public-private partnerships in low-earth orbit," Technological Forecasting and Social Change, Elsevier, vol. 136(C), pages 166-177.
    6. Nelson, John P., 2023. "Differential “progressibility” in human know-how: A conceptual overview," Research Policy, Elsevier, vol. 52(2).
    7. Lupín, Beatriz, 2023. "Libro de ponencias de la I Jornada de Investigadores en Formación de la Facultad de Ciencias Económicas y Sociales de la Universidad Nacional de Mar del Plata. Intercambio y difusión de ideas," Nülan. Deposited Documents 3938, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    8. Pazaitis, Alex & De Filippi, Primavera & Kostakis, Vasilis, 2017. "Blockchain and value systems in the sharing economy: The illustrative case of Backfeed," Technological Forecasting and Social Change, Elsevier, vol. 125(C), pages 105-115.
    9. Adel Ben Khalifa, 2022. "Inter- and Intra-firm Diffusion of Technology: the Example of Software, Hardware, and Network Communications Empirical Evidence for Tunisian Manufacturing Firms," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 236-263, March.

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    Keywords

    Economics and Finance;

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