Carlota Perez (2004), “Technological revolutions, paradigm shifts and socio-institutional change”,
Link to the reading: http://www.carlotaperez.org/downloads/pubs/TRs_TEP_shifts_and_SIF_ch.pdf
In Figure 4 of the text, Carlota Perez explains the process of creative destruction of long wave transitions by going through it step-by-step. Select one example of creative destruction your choice. Then walk us through each of the steps outlined in Figure 4. Make sure you read the text before you answer the question to ensure that you understand what she means by each step of the process. Also make sure you make clear which step you refer to at each point of your explanation.
Develop each key concept thoroughly with respect to your chosen example: responds to all aspects of the assigned question in a consistently forceful manner that is not only thoughtful, but also thought-provoking. The author does not leave any doubt on how the judiciously-chosen examples relate to the concepts treated by the question.
Explicitly use the terminology mentioned in the readings: adopts formal concepts correctly with own innovative examples, making them natural part of the personal narrative.
Grammar, spelling: written eloquently, does not contain grammatical errors or typos.
