Innovation as the Crucial Problem of Perestroika

Harry Maier

Chapter 21 in The Evolution of Economic Systems, 1990, pp 225-234 from Palgrave Macmillan

Abstract: Abstract In the early 1970s, the phase of rapid economic growth which had lasted since the end of the 1940s came to a world-wide end. All countries were confronted with the problem to manage the changeover to a new ‘technological-economic paradigm’.1 As historical experience shows, this is a complicated social process of search which can only be successful if a flexible approach to technological, economic and social structures and a new equilibrium of interests between the different social groups is reached. The basic innovations constituting the new ‘technological-economic paradigm’ not only offer a new efficiency potential for economic development, but they also devaluate and destroy existing products, processes, production and power structures, as well as traditional decision mechanisms.

Keywords: Federal Republic; Economic Reform; Socialist Economy; Crucial Problem; Socialist Country (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11153-4_21

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DOI: 10.1007/978-1-349-11153-4_21

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