Innovation and uneven development: The challenge for low- and middle-income economies

This essay begins with a recounting of the rise of the Mass Production techno-economic paradigm and the emergence of the systemic economic crisis in the early 1970s. It then explains how this crisis was stemmed by the deepening of globalisation, which accelerated during the 1980s. However, shortly before the turn of the millennium, the internal fissures of the paradigm became more apparent, resulting in a renewed slowdown in growth and global...