The Past, Present and Future of the Telecommunications Industry in the Southern Cone of Latin America: An Application of Schumpeter?S Theory of 'Creative Destruction'
22 Pages Posted: 10 Apr 2000
Date Written: January 2000
Schumpeter?s theory of "creative destruction" is a dynamic perspective on modern capitalism. Schumpeter argues that innovation destroys existing technologies and creates rival products. The theory is a powerful tool to analyze the evolution of products and markets. However, the theory is even more powerful when we examine technological development within a political-economic context.
JEL Classification: A0
Suggested Citation: Suggested Citation