Managing the technology life cycle

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Chapter 8 in Growth Policies for the High-Tech Economy, 2024, pp 154-177 from Edward Elgar Publishing

Abstract: The cyclical nature of technologies in terms of their development, commercialization, and eventual obsolescence means that a key construct of technology-based growth policy is the existence of “technology life cycles” and the set of dynamic policy tools required to manage the resulting periodic major upgrades of technology platforms that determine the potential growth patterns of all high-tech industries. In particular, the success of applications of these platforms enable products and services to be developed that can successively penetrate global markets. Growth policy analysis is encumbered by the fact that shorter product life cycles are embedded in longer cycles based on major advances in the form of new technology platforms that produce several product cycles before reaching obsolescence.

Keywords: Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2024
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