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The synergistic effect of NBIC-technologies and world economic growth in the first half of the XXI century

Listed author(s):
  • Akaev, Askar


    (Lomonosov Moscow State University)

  • Rudskoy, Andrey


    (Saint-Petersburg Polytechnic University)

Registered author(s):

    In this paper, it is predicted that the economies of the developed countries in 2014-2015 to begin a significant recovery, which in the years 2017-2018 will go into the rise of the 6th Kondratieff cycle of great economic (6th BCC 2018-2050 years). The basic innovations 6th BCC will be NBIC-technologies (nano-, bio-, info- and cognitive technologies). Locomotives upward wave 6th BCC will become the most developed countries: the US, EU and Japan - a recognized leaders in the research and development of NBIC-technologies. It is shown that NBIC-technologies thanks to the powerful synergetic effects created by the mutual convergence of the nano-, bio-, info- and cognitive technologies, will give a strong acceleration of the pace of technological progress, which exceeded the rate achieved in the previous upward wave, the 5th BCC (1982- 2006).

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    Article provided by Russian Presidential Academy of National Economy and Public Administration in its journal Economic Policy.

    Volume (Year): (2014)
    Issue (Month): ()
    Pages: 25-46

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    Handle: RePEc:rnp:ecopol:ep1420
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    1. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    2. Masaaki Hirooka, 2006. "Innovation Dynamism and Economic Growth," Books, Edward Elgar Publishing, number 3234.
    3. Kevin J. Stiroh & Dale W. Jorgenson, 1999. "Information Technology and Growth," American Economic Review, American Economic Association, vol. 89(2), pages 109-115, May.
    4. R. J. Gordon., 2013. "Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.
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