Book contents
- Frontmatter
- Contents
- Preface
- Techno-Economic Paradigms
- 1 Introduction: Carlota Perez and Evolutionary Economics
- 2 Developing Innovation Capability: Meeting the Policy Challenge
- 3 Slow Food, Slow Growth … Slow ICT: The Vision of Ambient Intelligence
- 4 Technical Change and Structural Inequalities: Converging Approaches to Problems of Underdevelopment
- 5 The New Techno-Economic Paradigm and its Impact on Industrial Structure
- 6 Governance in and of Techno-Economic Paradigm Shifts: Considerations for and from the Nanotechnology Surge
- 7 Innovation Policy and Incentives Structure: Learning from the Mexican Case
- 8 Schumpeter's Business Cycles and Techno-Economic Paradigms
- 9 Asian Innovation Experiences and Latin American Visions: Exploiting Shifts in Techno-Economic Paradigms
- 10 Doing Capitalism: Notes on the Practice of Venture Capitalism (Revised and Extended)
- 11 Small States, Innovation and Techno-Economic Paradigms
- 12 Financial Experimentation, Technological Paradigm Revolutions and Financial Crises
- 13 Why the New Economy is a Learning Economy
- 14 The Art of Macro-Qualitative Modelling: An Exploration of Perez' Sequence Model of Great Surges
- 15 Technology, Institutions and Economic Development
- 16 Techno-Economic Paradigms and the Migration (Relocation) of Industries to the Peripheries
- 17 On the Discreet Charm of the (Rentier) Bourgeoisie: The Contradictory Nature of the Installation Period of a New Techno-Economic Paradigm
- 18 Production-Based Economic Theory and the Stages of Economic Development: From Tacitus to Carlota Perez
- 19 Carlota Perez' Contribution to the Research Programme in Public Management: Understanding and Managing the Process of Creative Destruction in Public Institutions and Organizations
- 20 Carlota Perez – Her Biography and the Origins of her Ideas
- Notes
- Bibliography Carlota Perez
4 - Technical Change and Structural Inequalities: Converging Approaches to Problems of Underdevelopment
Published online by Cambridge University Press: 05 March 2012
- Frontmatter
- Contents
- Preface
- Techno-Economic Paradigms
- 1 Introduction: Carlota Perez and Evolutionary Economics
- 2 Developing Innovation Capability: Meeting the Policy Challenge
- 3 Slow Food, Slow Growth … Slow ICT: The Vision of Ambient Intelligence
- 4 Technical Change and Structural Inequalities: Converging Approaches to Problems of Underdevelopment
- 5 The New Techno-Economic Paradigm and its Impact on Industrial Structure
- 6 Governance in and of Techno-Economic Paradigm Shifts: Considerations for and from the Nanotechnology Surge
- 7 Innovation Policy and Incentives Structure: Learning from the Mexican Case
- 8 Schumpeter's Business Cycles and Techno-Economic Paradigms
- 9 Asian Innovation Experiences and Latin American Visions: Exploiting Shifts in Techno-Economic Paradigms
- 10 Doing Capitalism: Notes on the Practice of Venture Capitalism (Revised and Extended)
- 11 Small States, Innovation and Techno-Economic Paradigms
- 12 Financial Experimentation, Technological Paradigm Revolutions and Financial Crises
- 13 Why the New Economy is a Learning Economy
- 14 The Art of Macro-Qualitative Modelling: An Exploration of Perez' Sequence Model of Great Surges
- 15 Technology, Institutions and Economic Development
- 16 Techno-Economic Paradigms and the Migration (Relocation) of Industries to the Peripheries
- 17 On the Discreet Charm of the (Rentier) Bourgeoisie: The Contradictory Nature of the Installation Period of a New Techno-Economic Paradigm
- 18 Production-Based Economic Theory and the Stages of Economic Development: From Tacitus to Carlota Perez
- 19 Carlota Perez' Contribution to the Research Programme in Public Management: Understanding and Managing the Process of Creative Destruction in Public Institutions and Organizations
- 20 Carlota Perez – Her Biography and the Origins of her Ideas
- Notes
- Bibliography Carlota Perez
Summary
Introduction
One of the central preoccupations of the international research and policy agenda after the end of the Second World War was to come to terms with underdevelopment. Arguably, one of the most influential schools of thought on development during this period was the Latin American Structuralist Approach (LASA). Development theory and policy was shaped mostly by the analysis of the economic and social processes of production and knowledge creation. It followed a long-standing tradition that advocated that wealth originates from immaterial forces (creativity and knowledge) and that the accumulation of assets occurs through the incorporation of new technologies and innovation (Reinert and Daastøl 2004). Structural change and the connection between technical change and structural change were central to such developmental lines of argument.
There were two central arguments of LASA. First, the ideas that technical change plays a significant role in explaining development and underdevelopment and that specific knowledge and policies towards structural change were necessary to overcome backwardness. Technical change is a crucial component of an explanation of capitalism's evolution and in the determination of historical processes through which hierarchies of regions and countries are formed.
Second, the proposition that underdeveloped countries were significantly different from industrial advanced ones. Hence, they could not follow the same paths towards development and that the catching-up idea had to be reconsidered. In the words of one of the leading Latin American structuralist economists, ‘underdevelopment is … an autonomous historical process, and not stages that economies that already achieved a superior degree of development had necessarily to go through’ (Furtado 1961, 180).
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- Techno-Economic ParadigmsEssays in Honour of Carlota Perez, pp. 51 - 68Publisher: Anthem PressPrint publication year: 2009
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