Inadequacy of technology and innovation systems at the periphery: notes on Celso Furtado's contributions for a dialogue between evolutionists and structuralists
Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais
This paper focuses on "inadequacy of technology" as formulated by Celso Furtado. The concept of "inadequacy of technology" may be, on the one hand, an enlightening assessment of the technological condition of underdevelopment and, on the other hand, a helpful "focusing device" for an agenda on innovation systems at the periphery. Furtado's approach on inappropriate technology may uncover the social roots of the well know "low-growth trap" of less-developed economies. Celso Furtado explains how inadequacy of technology is related to the polarization "modernization-marginalization" that characterizes economies with immature systems of innovation, as the Brazilian economy. This concept also highlights how difficult it is to overcome the complex interplay among unequal income distribution, localized and blocked technical progress and unsustainable economic growth. To overcome the inadequacy of technology a dual institutional building seems to be necessary: the innovation systems might co-evolve with welfare systems.
Keywords: Celso Furtado; evolutionary theory; innovation systems; welfare systems; catching up process (search for similar items in EconPapers)
JEL-codes: B29 O30 (search for similar items in EconPapers)
Pages: 27 pages
New Economics Papers: this item is included in nep-ino and nep-pke
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