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The Emergence of Technological Paradigms: The Evolutionary Process of Science and Technology in Economic Development

In: The Evolution of Economic and Innovation Systems

Author

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  • Keiichiro Suenaga

    (Josai University)

Abstract

While the prospects for the world economy, especially advanced economies, are uncertain, and the fundamental solutions to important problems such as environmental problems have not yet been found, the emergence or development of new technological paradigms is expected. The emergence of technological paradigms is a most important phenomenon in economic development. In this paper, the relationship between science and technology will be classified using four diagrammatic models, and the hierarchy of technological paradigms and the characteristics of each hierarchy will be clarified in order to consider the emergence of these technological paradigms. In addition, this paper mentions the implications for the corporate strategy of R&D, science and technology policy, and economic theory.

Suggested Citation

  • Keiichiro Suenaga, 2015. "The Emergence of Technological Paradigms: The Evolutionary Process of Science and Technology in Economic Development," Economic Complexity and Evolution, in: Andreas Pyka & John Foster (ed.), The Evolution of Economic and Innovation Systems, edition 127, pages 211-227, Springer.
    • Handle: RePEc:spr:eccchp:978-3-319-13299-0_10
    DOI: 10.1007/978-3-319-13299-0_10
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    Cited by:

    1. Jorge Niosi & Maureen McKelvey, 2018. "Relating business model innovations and innovation cascades: the case of biotechnology," Journal of Evolutionary Economics, Springer, vol. 28(5), pages 1081-1109, December.
    2. Suenaga, Keiichiro, 2019. "The emergence of technological paradigms: The case of heat engines," Technology in Society, Elsevier, vol. 57(C), pages 135-141.
    3. Suenaga, Keiichiro, 2020. "The ‘Industrial Enlightenment’ and technological paradigms of the modern steel industry," Technology in Society, Elsevier, vol. 63(C).

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