Evolution of Technology in the Digital Arena: Theories, firm-level strategies and state policies Smitha Francis

This paper analyses the evolution of technology, encompassing the characteristics and dynamics of innovation and technological change, as well as their interactions and interrelations across diverse technical areas that generate organisational changes and systemic socio-economic changes. It provides a brief overview of the various theoretical approaches that have examined technological evolution at different analytical levels, which is followed by a detailed discussion of Carlota Perez‟s techno-economic paradigm.

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(This study was commissioned by the Centre for WTO Studies (CWS), IIFT, New Delhi,  and carried out by the author as an independent consultant)