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Carlota Perez’s Video Lecture to Estonian Ministry of Economy

Carlota Perez’s Video Lecture to Estonian Ministry of Economy. By Kurt Smetana #27289709.

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Carlota Perez’s Video Lecture to Estonian Ministry of Economy

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  1. Carlota Perez’s Video Lecture to Estonian Ministry of Economy By Kurt Smetana #27289709

  2. Carlota Perez - consultant and researchers in the field of techno-economic paradigm shifts Lecture to Estonian official to promote a deeper understanding of what is happening in the global market, specifically in how its related to technology

  3. Ages of Technological AdvanceTech Progress Happens in “Waves of Change”5 Revolutions in last 200 Years • Age of Information Technology, Global Communications, began in 1971 (microprocessor) • Age of Oil, Air Travel, Mass Production, began in 1910 • Steel, Electricity, Trans-Continental Communication, 1875 • Railways, Coal, Steam Engine, 1830s • Industrial Revolution, 1771

  4. Age of Biotechnology, Nanotechnology, 15% Certain in 2020 • Each Wave has a different growth potential • Each Wave has a “big bang,” which occurs, after the technology becomes massively used/produced • First phase - eruption, Second Phase - infrastructure, Third Phase – Synergy • Opportunities flow through several industries, and both upstream and downstream

  5. Most important characteristic that makes a tech. revolution, revolutionary, is its “double nature” • Powerful cluster of new, dynamic technologies, that bring explosive growth and structural change • Also brings generic technology (able to be used for almost anything) and organizational principals (pyramids to networks) • Allows organization and control of all previous technologies

  6. WTO (Free Trade) does not consider the following: • Cultural Adaptation (familiarity) • Setting up of institutional facilitators (rules and regulations, government)

  7. Resistance from established firms/institutions • Functional separation between financial capital and production capital • Paradigm shift led by financial capital, which forms bubble, which bursts, leading to hyper-adaptation (common-sense) • Production capital then controls propagation • Huge surge is divided into two extremely different periods. Installation period vs. Deployment period

  8. Recommendation Be ahead of the game, and invest in up and coming developments. Paradigm shift policy very important. Smaller countries must “locate policy targets in context” Have a deep understanding of what is going on.

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