IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v115y2017icp52-68.html
   My bibliography  Save this article

Forthcoming Kondratieff wave, Cybernetic Revolution, and global ageing

Author

Listed:
  • Grinin, Leonid E.
  • Grinin, Anton L.
  • Korotayev, Andrey

Abstract

In the present article we analyze the relationships between K-waves and major technological breakthroughs in history and offer forecasts about features of the sixth Kondratieff wave. We use for our analysis the basic ideas of long cycles' theory and related theories (theories of the leading sector, technological styles etc.) as well as the ideas of our own theory of production principles and production revolutions. The latest of production revolution is the Cybernetic Revolution that, from our point of view, started in the 1950s. We assume that in the 2030s and 2040s the sixth K-wave will merge with the final phase of the Cybernetic Revolution (which we call a phase of self-regulating systems). This period will be characterized by the breakthrough in medical technologies which will be capable to combine many other technologies into a single system of MANBRIC-technologies (medico-additive-nano-bio-roboto-info-cognitive technologies). The article also presents a forecast of the process of global ageing and argues why the technological breakthrough will occur in health care sector and connected spheres.

Suggested Citation

  • Grinin, Leonid E. & Grinin, Anton L. & Korotayev, Andrey, 2017. "Forthcoming Kondratieff wave, Cybernetic Revolution, and global ageing," Technological Forecasting and Social Change, Elsevier, vol. 115(C), pages 52-68.
  • Handle: RePEc:eee:tefoso:v:115:y:2017:i:c:p:52-68
    DOI: 10.1016/j.techfore.2016.09.017
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162516303213
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.techfore.2016.09.017?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Zarnowitz, Victor, 1985. "Recent Work on Business Cycles in Historical Perspective: A Review of Theories and Evidence," Journal of Economic Literature, American Economic Association, vol. 23(2), pages 523-580, June.
    2. Allen, Robert C., 2011. "Global Economic History: A Very Short Introduction," OUP Catalogue, Oxford University Press, number 9780199596652, Decembrie.
    3. Broadberry,Stephen & O'Rourke,Kevin H., 2010. "The Cambridge Economic History of Modern Europe," Cambridge Books, Cambridge University Press, number 9780521708395, January.
    4. Allen,Robert C., 2009. "The British Industrial Revolution in Global Perspective," Cambridge Books, Cambridge University Press, number 9780521868273, January.
    5. van Ewijk, Casper, 1982. "A Spectral Analysis of the Kondratieff-Cycle," Kyklos, Wiley Blackwell, vol. 35(3), pages 468-499.
    6. Hengstler, Monika & Enkel, Ellen & Duelli, Selina, 2016. "Applied artificial intelligence and trust—The case of autonomous vehicles and medical assistance devices," Technological Forecasting and Social Change, Elsevier, vol. 105(C), pages 105-120.
    7. Bandura, Albert, 1991. "Social cognitive theory of self-regulation," Organizational Behavior and Human Decision Processes, Elsevier, vol. 50(2), pages 248-287, December.
    8. Keller, Jonas & von der Gracht, Heiko A., 2014. "The influence of information and communication technology (ICT) on future foresight processes — Results from a Delphi survey," Technological Forecasting and Social Change, Elsevier, vol. 85(C), pages 81-92.
    9. Zhang, Yi & Robinson, Douglas K.R. & Porter, Alan L. & Zhu, Donghua & Zhang, Guangquan & Lu, Jie, 2016. "Technology roadmapping for competitive technical intelligence," Technological Forecasting and Social Change, Elsevier, vol. 110(C), pages 175-186.
    10. Phillips, Fred & Linstone, Hal, 2016. "Key ideas from a 25-year collaboration at technological forecasting & social change," Technological Forecasting and Social Change, Elsevier, vol. 105(C), pages 158-166.
    11. Freeman, Chris & Louca, Francisco, 2002. "As Time Goes By: From the Industrial Revolutions to the Information Revolution," OUP Catalogue, Oxford University Press, number 9780199251056, Decembrie.
    12. Masaaki Hirooka, 2006. "Innovation Dynamism and Economic Growth," Books, Edward Elgar Publishing, number 3234.
    13. Moore, Henry Ludwell, 1914. "Economics Cycles: Their law and cause," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number moore1914.
    14. de Groot, Bert & Franses, Philip Hans, 2012. "Common socio-economic cycle periods," Technological Forecasting and Social Change, Elsevier, vol. 79(1), pages 59-68.
    15. Stewart, Hugh B., 1989. "An energy agenda for the future," Energy, Elsevier, vol. 14(2), pages 49-60.
    16. Gregory Clark, 2007. "Introduction to A Farewell to Alms: A Brief Economic History of the World," Introductory Chapters, in: A Farewell to Alms: A Brief Economic History of the World, Princeton University Press.
    17. N. D. Kondratieff, 1925. "The Static and the Dynamic View of Economics," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 39(4), pages 575-583.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gruetzemacher, Ross & Paradice, David & Lee, Kang Bok, 2020. "Forecasting extreme labor displacement: A survey of AI practitioners," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    2. Coccia, Mario, 2018. "A Theory of the General Causes of Long Waves: War, General Purpose Technologies, and Economic Change," Technological Forecasting and Social Change, Elsevier, vol. 128(C), pages 287-295.
    3. Răducu Roberta, 2023. "Narrative of Technology Use from Older Media Generations in Romania," Culture. Society. Economy. Politics, Sciendo, vol. 3(1), pages 50-64, June.
    4. de Groot, E.A. & Segers, R. & Prins, D., 2022. "Non-resonating cycles in a dynamic model for investment behavior," Technological Forecasting and Social Change, Elsevier, vol. 177(C).
    5. Snellman, Kirsi & Fink, Matthias & Hakala, Henri & Bor, Sanne, 2023. "The creation of desirable futures: A call for supererogatory management to foster sustainability transitions," Technological Forecasting and Social Change, Elsevier, vol. 196(C).
    6. Reischauer, Georg, 2018. "Industry 4.0 as policy-driven discourse to institutionalize innovation systems in manufacturing," Technological Forecasting and Social Change, Elsevier, vol. 132(C), pages 26-33.
    7. Dmitriy Aleksandrovich Endovitskiy & Nikolay Petrovich Lyubushin & Nadezhda Evaldovna Babicheva & Tatyana Alekseevna Pozhidaeva, 2017. "The Quantitative Assessment of the Cyclical Development in Modern Conditions," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 13(4), pages 109-119.
    8. Grinin, Leonid & Grinin, Anton & Korotayev, Andrey, 2022. "COVID-19 pandemic as a trigger for the acceleration of the cybernetic revolution, transition from e-government to e-state, and change in social relations," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    9. Grinin, Leonid & Grinin, Anton & Korotayev, Andrey, 2020. "A quantitative analysis of worldwide long-term technology growth: From 40,000 BCE to the early 22nd century," Technological Forecasting and Social Change, Elsevier, vol. 155(C).
    10. António Mateus & Luís Martins, 2021. "Building a mineral-based value chain in Europe: the balance between social acceptance and secure supply," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 34(2), pages 239-261, July.
    11. Ávila-Robinson, Alfonso & Islam, Nazrul & Sengoku, Shintaro, 2019. "Co-evolutionary and systemic study on the evolution of emerging stem cell-based therapies," Technological Forecasting and Social Change, Elsevier, vol. 138(C), pages 324-339.
    12. de Groot, E.A. & Segers, R. & Prins, D., 2021. "Disentangling the enigma of multi-structured economic cycles - A new appearance of the golden ratio," Technological Forecasting and Social Change, Elsevier, vol. 169(C).
    13. Alvarez-Ramirez, J. & Rodriguez, E. & Ibarra-Valdez, C., 2020. "Medium-term cycles in the dynamics of the Dow Jones Index for the period 1985–2019," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 546(C).
    14. Wendy Wuyts & Raphael Sedlitzky & Masato Morita & Hiroki Tanikawa, 2020. "Understanding and Managing Vacant Houses in Support of a Material Stock-Type Society—The Case of Kitakyushu, Japan," Sustainability, MDPI, vol. 12(13), pages 1-23, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ledenyov, Dimitri O. & Ledenyov, Viktor O., 2015. "Wave function method to forecast foreign currencies exchange rates at ultra high frequency electronic trading in foreign currencies exchange markets," MPRA Paper 67470, University Library of Munich, Germany.
    2. Ken Tabata, 2013. "The Expansion of the Commercial Sector and the Child Quantity-Quality Transition in a Malthusian World," Discussion Paper Series 105, School of Economics, Kwansei Gakuin University, revised May 2013.
    3. repec:clg:wpaper:2013-19 is not listed on IDEAS
    4. Manuel Llorca-Jaña, 2014. "The impact of early nineteenth-century globalization on foreign trade in the Southern Cone: A study of British trade statistics," Investigaciones de Historia Económica - Economic History Research (IHE-EHR), Journal of the Spanish Economic History Association, Asociación Española de Historia Económica, vol. 10(01), pages 46-56.
    5. Allen, Robert C., 2014. "American Exceptionalism as a Problem in Global History," The Journal of Economic History, Cambridge University Press, vol. 74(2), pages 309-350, June.
    6. Dimitri O. Ledenyov & Viktor O. Ledenyov, 2013. "On the accurate characterization of business cycles in nonlinear dynamic financial and economic systems," Papers 1304.4807, arXiv.org.
    7. de Groot, E.A. & Segers, R. & Prins, D., 2022. "Non-resonating cycles in a dynamic model for investment behavior," Technological Forecasting and Social Change, Elsevier, vol. 177(C).
    8. M. Scott Taylor & Juan Moreno Cruz, "undated". "Back to the Future of Green Powered Economies," Working Papers 2014-69, Department of Economics, University of Calgary, revised 29 Sep 2014.
    9. repec:clg:wpaper:2013-06 is not listed on IDEAS
    10. Ogilvie, Sheilagh & Carus, A.W., 2014. "Institutions and Economic Growth in Historical Perspective," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 8, pages 403-513, Elsevier.
    11. Bazhal, Iurii, 2013. "Innovation theory of business cycles and economic growth," MPRA Paper 53688, University Library of Munich, Germany, revised 14 Feb 2014.
    12. Paolo Malanima, 2020. "The limiting factor: energy, growth, and divergence, 1820–1913," Economic History Review, Economic History Society, vol. 73(2), pages 486-512, May.
    13. repec:clg:wpaper:2013-13 is not listed on IDEAS
    14. repec:clg:wpaper:2012-08 is not listed on IDEAS
    15. Marco Gallegati, 2019. "A system for dating long wave phases in economic development," Journal of Evolutionary Economics, Springer, vol. 29(3), pages 803-822, July.
    16. Ferreira, Pedro Cavalcanti & Pessôa, Samuel & dos Santos, Marcelo Rodrigues, 2016. "Globalization And The Industrial Revolution," Macroeconomic Dynamics, Cambridge University Press, vol. 20(3), pages 643-666, April.
    17. Vianna Franco, Marco P. & Ribeiro, Leonardo Costa & Albuquerque, Eduardo da Motta e, 2022. "Beyond Random Causes: Harmonic Analysis Of Business Cycles At The Moscow Conjuncture Institute," Journal of the History of Economic Thought, Cambridge University Press, vol. 44(3), pages 456-476, September.
    18. Mark Knell & Simone Vannuccini, 2022. "Tools and concepts for understanding disruptive technological change after Schumpeter," Jena Economics Research Papers 2022-005, Friedrich-Schiller-University Jena.
    19. Mathieu Lefebvre & Pierre Pestieau & Gregory Ponthiere, 2023. "Counting the missing poor in pre-industrial societies," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 17(1), pages 155-183, January.
    20. Allen, Robert C., 2012. "Backward into the future: The shift to coal and implications for the next energy transition," Energy Policy, Elsevier, vol. 50(C), pages 17-23.
    21. Stephen Broadberry & Bruce Campbell & Alexander Klein & Mark Overton, 2010. "British economic growth, 1300-1850: some preliminary estimates," Working Papers 10009, Economic History Society.
    22. Jane Humphries & Jacob Weisdorf, 2019. "Unreal Wages? Real Income and Economic Growth in England, 1260–1850," The Economic Journal, Royal Economic Society, vol. 129(623), pages 2867-2887.
    23. Nuno Palma & André C. Silva, 2024. "Spending A Windfall," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(1), pages 283-313, February.
    24. Robert C. Allen, 2015. "The high wage economy and the industrial revolution: a restatement," Economic History Review, Economic History Society, vol. 68(1), pages 1-22, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:115:y:2017:i:c:p:52-68. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.