The Waves of the Technological Innovations of the Modern Age and the Present Crisis as the End of the Wave of the Informational Technological Revolution

Studia Politica Slovaca (Studia Politica Slovaca), Issue 1, p. 3247, 2009

17 Pages Posted: 13 Nov 2013

See all articles by Daniel Smihula

Daniel Smihula

Government Office of the Slovak Republic

Date Written: November 12, 2009

Abstract

The article is about new views on the theory of “long waves” and specially from the point of view of technological progress importance of which is stressed. It developed a new conception of waves of technological innovations in a modern society (from 1600 AD). The last 5th wave (based on a progress in informatics and telecommunications) is just coming to an end. Today economic crisis (2008) must be seen also as the crisis of the end of the cycle of innovations. It could be overcome by a new technological revolution (post-informational technological revolution) which could start about 2015.

Keywords: Crisis, innovation, invention, Kondratieffs cycles, long waves

Suggested Citation

Smihula, Daniel, The Waves of the Technological Innovations of the Modern Age and the Present Crisis as the End of the Wave of the Informational Technological Revolution (November 12, 2009). Studia Politica Slovaca (Studia Politica Slovaca), Issue 1, p. 3247, 2009. Available at SSRN: https://ssrn.com/abstract=2353600

Daniel Smihula (Contact Author)

Government Office of the Slovak Republic ( email )

Úrad vlády Slovenskej republiky
Námestie slobody 1
Bratislava, 813 70
Slovakia

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