On technological cycles in global economy

Occupation: Chief Researcher
Affiliation: Institute of Economics, Russian Academy of Sciences
Address: , 32, Nakhimovskii Prosp., Moscow, 117218, Russian Federation

Journal name

Obshchestvo i ekonomika

Edition

Issue 4

Pages

5-13

Abstract

The paper describes different authors’ opinions on technology cycles typology and evaluates the concept of three megacycles under capitalism. Some attractive aspects of this concept (its large historical context, coordination of technological innovations with foreign trade and industrial policy) and its questionable points (rigid connection of each megacycle with only one country-leader and narrow-minded understanding of three waves in each megacycle) are stated. The author gives his own characteristic of a technological megacycle and of the three waves inside it (scientific research, innovative production, perfection of mass products sale infrastructure) as well as of the influence of technological progress on social evolution.

Keywords

technological cycles, three megacycles under capitalism, industrial innovation waves, the role of State, technological and social progress

Publication date

27.04.2022

Number of characters

19133

Cite

GOST	Knyazev Y. On technological cycles in global economy // Obshchestvo i ekonomika – 2022. – Issue 4 C. 5-13 [Electronic resource]. URL: https://oie.jes.su/S020736760019569-4-1 (circulation date: 25.04.2024). DOI: 10.31857/S020736760019569-4
MLA	Knyazev, Yuri K "On technological cycles in global economy." Obshchestvo i ekonomika 4 (2022):5-13. DOI: 10.31857/S020736760019569-4
APA	Knyazev Y. (2022). On technological cycles in global economy. Obshchestvo i ekonomika (4), pp.5-13 DOI: 10.31857/S020736760019569-4

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