This paper is an English translation, by the author herself, of a paper that until now has only been published in Spanish. The editors of this working paper series are of the opinion that the paper - although written 24 years ago - represents such an important element in the writings of Carlota Perez that it should be made available also to the English-speaking research community. The paper presents an early notion of a techno-economic paradigm and - although internet was years away from being available - it is indeed an outline of the paradigm we presently live in. Many of the issues raised here, like alternative sources of energy and biotechnology, are still with us today, and many of the predictions have proved to be based on accurate perceptions.
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