2009
DOI: 10.32609/0042-8736-2009-3-26-38
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World Economic Crisis as a Process of Substitution of Technological Modes

Abstract: The article analyzes fundamental reasons for the world economic crisis in the light of global technological shifts. It proves that it is caused by the substitution of technological modes. It is shown that sharp increase and slump in stock indices and prices for energy resources are typical of the process of technological substitution which occurs regularly according to the rhythm of long-wave fluctuations of the world economic activity. The article rationalizes a package of anti-crisis measures aimed at stimul… Show more

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Cited by 25 publications
(6 citation statements)
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“…Researchers work within the framework of evolutionary theory (Nelson & Winter, 1982) and the concepts of cyclical economic development (Kondratiev, 1935), technological orders (Glazyev, 2009) and the 4th industrial revolution (Schwab, 2017).…”
Section: Methodsmentioning
confidence: 99%
“…Researchers work within the framework of evolutionary theory (Nelson & Winter, 1982) and the concepts of cyclical economic development (Kondratiev, 1935), technological orders (Glazyev, 2009) and the 4th industrial revolution (Schwab, 2017).…”
Section: Methodsmentioning
confidence: 99%
“…Среди работ, посвященных решению проблем управления развитием национальной экономики, следует выделить статьи С. Ю. Глазьева, Р. М. Нижегородцева, Г. Л. Купряшина, Н. В. Макогоновой, А. В. Сидорова, О. С. Сухарева [5,6].…”
Section: Introductionunclassified
“…According to S.Yu. Glazyev [3], Russian economy is now mainly in the fourth technological wave. The percentage of technologies that can be attributed to the fifth wave is about 10% (mainly in military-industrial complex and aerospace industry), more than half of technologies can be attributed to the fourth technological wave, and more than 30%to the third one, approximately 10% -to the second.…”
Section: Introductionmentioning
confidence: 99%