review of Carlotta Perez's "Technological Revolutions"
Just finished reading this for the second time - I love it for offering the most powerful framework I have seen for understanding the rhythm of econmic growth and crisis and how it interacts with technology and politics. To recap, by Perez,s framework we are half way through the fifth surge and each surge has four phases with a turning point (usually a crash) in the middle:
- irruption
- frenzy
TURNING POINT
- synergy
- maturity
The five phases so far were driven by the following technologies:
- industrial revolution, mechnised cotton, wrought iron, machinery, canals - from 1771
- steam and railways, telgraph, city gs - from 1829
- steel, electricity, heavy engineering, telephone, electricit - from 1875
- oil, automobile, massproduction, internal combustion engine, worldwide telecoms, universal electricity - from 1908
- IT, telecomms, microelectronics, internet, high speed physical transport - from 1971
