"A New Age of Technological Progress"

2014, “A New Age of Technological Progress”, in Umunna, C. ed. Owning the Future. London: Policy Network & Rowman & Littlefield International, [pp. 19-31] 

Link: Click here

Link to the whole publication: http://www.policy-network.net/publications/4712/Owning-the-Future


To seize the opportunity of our great surge of technological devel-opment, we need a national and global consensus between business, government and society that will do for the 21st century what social democracy did for the 20th.

The world appears to be changing at an unprecedented pace. Infor-mation technology is displacing or reshaping industry after industry; rapid globalisation is leading to power shifts between nations, and the threat of global warming is becoming ever more present.

In fact, we have been here before. A deeper understanding of both history and technology can help us respond to these challenges and find a prosperous path ahead. What we can see is that there is nothing inevitable about how these forces will reshape our world. This will be dependent not on the technological, global and environ-mental forces, but on the socio-political choices we make to take best advantage of them.

Table of Contents: 

Five Technological Revolutions
Two Different Periods
The Shaping of the Post-WWII Boom
“Green Growth” as the New Direction for Innovation
The shape of the future
Think Global; Act National and Local
The Task for Leaders Today



Published 2002

'...the book fills an important gap in the literature on business cycles and innovations. I most strongly commend it to all those attempting to understand the past and future evolution of technology and the economy.'

Christopher Freeman, Emeritus Professor, SPRU,
University of Sussex, UK

'...Carlota Perez shows us that historically technological revolutions arrive with remarkable regularity, and that economies react to them in predictable phases. Her argument provides much needed perspective not just on history, but on our own times. And especially on our own information revolution.'

W. Brian Arthur, Santa Fe Institute, New Mexico

‘For contents page, selected extracts and further details, click here’.

Technological Revolutions Financial bubbles Installation Period Frenzy Deployment Period Golden Ages Dual strategy Techno‑economic paradigms Neo‑Schumpeterian Respecialization Synergy Turning Point Future markets Knowledge society Green growth Maturity Full global development Globalization Sustainability Socio‑economic development Paradigm shifts Irruption Market hyper‑segmentation