WP: "Respecialisation and the deployment of the ICT paradigm: An essay on the present challenges of globalisation"

2007. “Respecialisation and the deployment of the ICT paradigm: An essay on the present challenges of globalisation”. in Compano et al., The Future of the Information Society in Europe: Contributions to the Debate, Technical Report EUR22353EN, IPTS, Joint Research Centre, Directorate General, European Commission).

Perez Respecialisation in IPTS book, EU Sevilla 2006.pdf (253kb)

Table of Contents: 

1. ICT shaping and being shaped by the global context
2. The recurring diffusion pattern of revolutionary technologies
Double nature of technological revolutions
A similar sequence of propagation
3. Installation and deployment: different conditions and behaviours
The basic differences
Shift in innovation and target markets
From creating to spreading the new lifestyles
Complementary role of the induced branches
Gestation of the next technological revolution
Shift in investment criteria
The turning point as the space for the role-shift
Positive legacy of the bubble: conditions for full expansion
Negative legacy of the bubble: three tensions making obstacle to growth
Tension between the paper and the real economy
Tension between the size and profile of effective demand and those of potential supply
The political tensions between the poorer poor and the richer rich
Free markets as intensifiers of the problems
4. Globalisation, market segmentation and the nature of the ICT paradigm
A look at the two globalisations
The ICT paradigm and globalisation
ICT and the hyper-segmentation of markets: Outsourcing and off-shoring
5. The challenge of respecialisation in a globalised world
The policy dilemmas and the way forward
Global redistribution of market segments in all industries
Challenges and opportunities from "global push"
Opportunities created by "local pull"
The role of ICT as the platform for the whole process
6. Policy action towards a sustainable and cohesive globalisation
Three tensions: Three policy areas
National and global social net policies
Previous success as the main obstacle

List of Tables:

  • Table 1 The five great surges of development: Technological Revolutions and Techno-economic paradigms
  • Table 2 The different features of the Installation and Deployment periods
  • Table 3 The respecialisation of the advanced countries: Local specificity as one of the forces guiding investment for the domestic market

List of Figures:

  • Figure 1 The social assimilation of technological revolutions breaks each great surge of development in half
  • Figure 2 Variation in the share of the nation's income earned by the top 0.1 percent of U.S. taxpayers 1920-2002
  • Figure 3 Market segmentation and its differing conditions from raw materials to all manufacturing and services
  • Figure 4 Some examples of products in different market segments
  • Figure 5 Possible trends in the global distribution of the hyper-segmented markets of each industry


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