The Emergence of Technological Paradigms: The Evolutionary Process of Science and Technology in Economic Development

Abstract

While the prospects for the world economy, especially advanced economies, are uncertain, and the fundamental solutions to important problems such as environmental problems have not yet been found, the emergence or development of new technological paradigms is expected. The emergence of technological paradigms is a most important phenomenon in economic development. In this paper, the relationship between science and technology will be classified using four diagrammatic models, and the hierarchy of technological paradigms and the characteristics of each hierarchy will be clarified in order to consider the emergence of these technological paradigms. In addition, this paper mentions the implications for the corporate strategy of R&D, science and technology policy, and economic theory.