Analyzing the Megacycles of the Economy
<p id="p1">A long-term economic megacycle, lasting 56 years, consisted of 28 years of stagnation or recession, with decreasing deviation of energy consumption from the sigmoidal curve. During this time, deep and extensive changes occur due to the emergence of new technologies that bring di...
Guardado en:
| Autores principales: | , |
|---|---|
| Formato: | Capítulo de libro |
| Lenguaje: | inglés |
| Publicado: |
IntechOpen
2025
|
| Materias: | |
| Acceso en línea: | https://www.intechopen.com/chapters/1209402 |
| Etiquetas: |
Sin Etiquetas, Sea el primero en etiquetar este registro!
|
| Sumario: | <p id="p1">A long-term economic megacycle, lasting 56 years, consisted of 28 years of stagnation or recession, with decreasing deviation of energy consumption from the sigmoidal curve. During this time, deep and extensive changes occur due to the emergence of new technologies that bring disruptive changes to the economy and society, increasing productivity and triggering the next 28-year upward cycle, where energy consumption increases. The start of each economic cycle is linked to the emergence of new fundamental technologies (technological-industrial revolutions), which leads to a new, cheaper energy source, a new transportation infrastructure, a new means of transport, and a multitude of new technological applications. These appear and develop during the first 28 years. It takes several years for the new technologies to spread widely enough to significantly increase productivity, thereby creating the next 28 years of growth. Different transportation infrastructures are developed in each cycle: In railways, highways, and airlines, magnetic train lines are emerging as the new transportation infrastructure of the next cycle. In each cycle, a new country emerges as a rising power. The upcoming megacycle of 2024–2080 is approaching, and the changes expected to occur are presented based on the dynamics of the evolution of previous megacycles.</p> |
|---|---|
| ISBN: | 978-1-83634-437-7 |
| DOI: | 10.5772/intechopen.1010103 |