4. technological waves
Carlota Perez, 2002
20-30 years 20-30 years
INSTALLATION DEPLOYMENT
TURNING
PERIOD POINT PERIOD
high
deployment
Battle of paradigms Recessive Fast adaptation
diffusion
Explosive growth of new interval, Sustainable growth
products depression ‘Golden Age’ societal
Over-investments, bubbles crisis
Slow adaptation
re-engineering
creative
destruction
next big bang
4
time Time