Programa de Pós-Graduação em Sistemas de Informação e Gestão do Conhecimento | Universidade FUMEC


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Is there a technological fix for the current global stagnation?


Publication date: Available online 17 October 2016
Source:Research Policy
Author(s): Bengt-Åke Lundvall
Daniele Archibugi asks whether the 2007–8 financial and economic crisis was brought about by the exhaustion of the current techno-economic paradigm, and whether a new paradigm will lead to eventual recovery. My answer to both questions is ‘No’. Whilst it is useful to think in terms of techno-economic paradigms to understand the uneven process of technological and social advancement, the main reason for the crisis and the main requirement for a new upswing are both socio-political rather than technological in nature. There is a link between the neoliberal deregulation regime that led to the crisis and ICTs. This regime might actually slow down the formation of a new techno-economic paradigm based around Blade Runner technologies such as genetic engineering, artificial intelligence and nanotechnology.