This paper argues that the two boom and bust episodes of the turn of the century--the internet mania and crash of the 1990s and the easy liquidity boom and bust of the 2000s--are two distinct components of a single structural phenomenon. They are essentially the equivalent of 1929 developed in...

The purpose of this paper is to set out a conceptual framework for policies to promote the diffusion of microelectronics in the context of developing countries. The author bases her discussion on the experience of Venezuela, a medium-sized Latin American economy which is currently trying to...

This paper locates the notion of technological revolutions in the Neo- Schumpeterian effort to understand innovation and to identify the regulari- ties, continuities and discontinuities in the process of innovation. It looks at the micro- and meso-foundations of the patterns observed in the...

This paper is an English translation, by the author herself, of a paper that until now has only been published in Spanish. The editors of this working paper series are of the opinion that the paper - although written 24 years ago - represents such an important element in the writings of Carlota...

This essay locates the current financial crisis and its consequences in a historical context. It briefly outlines the difference in patterns of innovation between the first two or three decades of each technological revolution .regularly ending in a major financial collapse. and the next two or...

This paper locates the notion of technological revolutions in the neo-Schumpeterian effort to understand innovation and to identify the regularities, continuities and discontinuities in the process of innovation. It looks at the micro- and meso-foundations of the patterns observed in the...

The present understanding of globalization is inextricably tied to the free market ideology for both proponents and opponents. This paper will argue that globalization has many potential forms of which the neo-liberal recipe, applied up to now, is only one. Globalization need not be neo-liberal....

This book questions what enduring lessons have been learnt about the interdependence of international trade and economic development during the last 50 years. Since the end of the Cold War and the advent of the WTO, developing countries have been forced to face the choice of whether, and to what...

The advanced world is facing a crucial moment of transition. We argue that a successful outcome requires bringing innovation to the centre of government thinking and action and that, in order to do this, we must apply our knowledge of how innovation occurs and how to repair what has gone wrong....