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Association: Name: International Studies Association URL: http://www.isanet.org
Citation: URL: http://www.allacademic.com/meta/p70667_index.html Direct Link: HTML Code:

Moe, Espen. "Long-term Economic Growth and Development, or How to Ride the Waves of Technological Change: Vested Interests and Social Cohesion Since the Industrial Revolution" Paper presented at the annual meeting of the International Studies Association, Hilton Hawaiian Village, Honolulu, Hawaii, Mar 05, 2005 <Not Available>. 2009-05-26 <http://www.allacademic.com/meta/p70667_index.html>

Moe, E. , 2005-03-05 "Long-term Economic Growth and Development, or How to Ride the Waves of Technological Change: Vested Interests and Social Cohesion Since the Industrial Revolution" Paper presented at the annual meeting of the International Studies Association, Hilton Hawaiian Village, Honolulu, Hawaii Online <.PDF>. 2009-05-26 from http://www.allacademic.com/meta/p70667_index.html

Publication Type: Conference Paper/Unpublished Manuscript Review Method: Peer Reviewed Abstract: Since the Industrial Revolution, international economic leadership has been contingent on the lead nation showing prowess within one or a few particularly important leading economic sectors. However, economic leadership in one historical period has not necessarily led to leadership in the next period. Often, the exact opposite has happened. New technologies give rise to new leading industries, and the old lead nation finds itself caught up with and surpassed by new rising nations. The paper seeks to explain these economic waves of international leadership through a theoretical framework combining Schumpeter and Mancur Olson. When a new revolutionary technology comes along, why is it that some countries are better than others at both the creation and the destruction phase of Schumpeter's waves of creative destruction? The countries that successfully manage to prevent vested interests from blocking structural economic change are the ones that stand the best chance of maintaining their economic leadership (or as a new nation, rising to leadership). These are countries with a high level of social cohesion. Social cohesion, preventing vested interests from blocking structural change, is the main cause why some powers manage to maintain their economic leadership over several time periods (or why new powers rise), with vested interests blocking change the reason why previously dominant powers fall. Support for the theory is derived from empirical material from Britain, France, Germany, the US and Japan for five different time periods starting with the Industrial Revolution.

Long-term Economic Growth and Development, or How to Ride the Waves of Technological Change: Vested Interests and Social Cohesion Since the Industrial Revolution

Long-term Economic Growth and Development, or How to Ride the Waves of Technological Change: Vested Interests and Social Cohesion Since the Industrial Revolution