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Innovation, diffusion and catching up in the fifth long wave

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  • Castellacci, Fulvio

Abstract

Does the new technological paradigm based on information and communication technologies (ICTs) create new windows of opportunity or further obstacles for catching up countries? The paper discusses this question by taking neo-Schumpeterian long wave theory as the basic framework of analysis. According to this approach, the current rapid diffusion of the ICT-based paradigm marks the initial phase of a fifth long wave period. The first part of the paper focuses on the major changes that characterize the techno-economic system in the fifth long wave, and points out that the new paradigm is leading to several new opportunities for developing economies. If public policies will actively foster the development process by rapidly investing in the new technologies and in the related infrastructures and skills, these new opportunities will indeed be successfully exploited. The second part of the paper shifts the focus to the socio-institutional system, and argues that institutional changes driven by some major actors in the industrialized world are creating a new international regime where the scope and the resources available for State interventions are significantly reduced. The paper concludes by suggesting the existence of a temporary mismatch between the techno-economic and the socio-institutional system, which makes the catching up process more difficult for large parts of the developing world.

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  • Castellacci, Fulvio, 2006. "Innovation, diffusion and catching up in the fifth long wave," MPRA Paper 27521, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:27521
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    Cited by:

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    2. BEN KHALIFA, Adel, 2017. "Territoire Appropriant Et Economie De La Connaissance Basee Sur Les Tic : Une Approche Eclectique [Appropriating Territory and ICT-Based Knowledge economy: An Eclectic Approach]," MPRA Paper 77535, University Library of Munich, Germany.
    3. Castellacci, Fulvio & Tveito, Vegard, 2018. "Internet use and well-being: A survey and a theoretical framework," Research Policy, Elsevier, vol. 47(1), pages 308-325.
    4. 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.
    5. Adel Ben Khalifa, 2019. "Direct and Complementary Effects of Investment in Knowledge-Based Economy on Innovation Performance in Tunisian Firms," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(2), pages 561-589, June.
    6. Fulvio Castellacci & Vegard Tveito, 2016. "The Effects of ICTs on Well-being: A Survey and a Theoretical Framework," Working Papers on Innovation Studies 20161004, Centre for Technology, Innovation and Culture, University of Oslo.
    7. Na Zhang & Chao Sun & Min Xu & Xuemei Wang & Jia Deng, 2023. "Catching Up of Latecomer Economies in ICT for Sustainable Development: An Analysis Based on Technology Life Cycle Using Patent Data," Sustainability, MDPI, vol. 15(11), pages 1-29, June.
    8. You, Kefei & Dal Bianco, Silvia & Lin, Zhibin & Amankwah-Amoah, Joseph, 2019. "Bridging technology divide to improve business environment: Insights from African nations," Journal of Business Research, Elsevier, vol. 97(C), pages 268-280.
    9. Mendonça, Sandro & Crespo, Nuno & Simões, Nadia, 2015. "Inequality in the network society: An integrated approach to ICT access, basic skills, and complex capabilities," Telecommunications Policy, Elsevier, vol. 39(3), pages 192-207.
    10. Adel Ben Khalifa, 2022. "Inter- and Intra-firm Diffusion of Technology: the Example of Software, Hardware, and Network Communications Empirical Evidence for Tunisian Manufacturing Firms," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 236-263, March.
    11. Lei Guo & Marina Yue Zhang & Mark Dodgson & David Gann & Hong Cai, 2019. "Seizing windows of opportunity by using technology-building and market-seeking strategies in tandem: Huawei’s sustained catch-up in the global market," Asia Pacific Journal of Management, Springer, vol. 36(3), pages 849-879, September.

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    More about this item

    Keywords

    Innovation; ICTs; catching up; long waves; global governance;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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