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| Author: | Levinthal, D. A. |
| Title: | The slow pace of rapid technological change: gradualism and punctuation in technological change. |
| Journal: | Industrial and Corporate Change
1998 : JUN, VOL. 7:2, p. 217-247 |
| Index terms: | Technological change Development Communication Teleprocessing |
| Language: | eng |
| Abstract: | The author notes that discussions of technological change have offered sharply contrasting perspectives of technological change as gradual or incremental and the image of technological change as being rapid, even discontinuous. These alternative perspectives are bridged using the punctuated equilibrium framework of evolutionary biology. As a result of the distinct selection criteria and the degree of resource abundance in the new domain, a new technological form may emerge.The new technological form may be able to penetrate other niches and may precipitate a process of 'creative destruction' and out-compete prior technologies. |
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