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Innovation as the Crucial Problem of Perestroika

In: The Evolution of Economic Systems

Author

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  • Harry Maier

Abstract

In the early 1970s, the phase of rapid economic growth which had lasted since the end of the 1940s came to a world-wide end. All countries were confronted with the problem to manage the changeover to a new ‘technological-economic paradigm’.1 As historical experience shows, this is a complicated social process of search which can only be successful if a flexible approach to technological, economic and social structures and a new equilibrium of interests between the different social groups is reached. The basic innovations constituting the new ‘technological-economic paradigm’ not only offer a new efficiency potential for economic development, but they also devaluate and destroy existing products, processes, production and power structures, as well as traditional decision mechanisms.

Suggested Citation

  • Harry Maier, 1990. "Innovation as the Crucial Problem of Perestroika," Palgrave Macmillan Books, in: Kurt Dopfer & Karl-F. Raible (ed.), The Evolution of Economic Systems, chapter 21, pages 225-234, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11153-4_21
    DOI: 10.1007/978-1-349-11153-4_21
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