GEO 208 Lecture 4: GEO208 Notes Ch 4
Document Summary
Chapter 4 - technological change: gales of creative destruction". Technology physical objects, artifacts, activities, or processes and the applied knowledge or know-how that creates value. A form of learning, and a socially and institutionally embedded process. Technological determinism technological change is inevitable and the sole influence on economic organization, often considered linear. Technology in a market system influenced by the drive for profit, capital accumulation, investment, increased market share. Incremental innovation small scale, progressive modification of existing products or processes. Radical innovation - discontinuous events and drastic change within an industry. Changes in technology systems wide changes in technology, impact several parts of the economy bundles of innovation. Changes in techno-economic paradigms revolutionary changes that touch all of society. Information technology tools and techniques to collect, generate, and record data. Old information technology simple pictorial representation and written language evolving into printing. New information technology mechanical, electromechanical, and early electronic technologies. Creates a single system of information processing and exchange.
