Q 1.2 Techno-economic paradigm (POE)

Techno-Economic Paradigms presents a series of essays by the leading academics in the field discussing the theory of techno-economic paradigm shifts, and its role in explaining processes of innovation and development.
That capacity to transform other industries and activities results from the influence of its associated techno-economic paradigm, a best practice model for the most effective use of the new technologies within and beyond the new industries. The new industries of the revolution expand to become the engines of growth, for a long period while the techno-economic paradigm drives a vast reorganisation and a widespread rise in productivity across the economy. Thus, a technological revolution can more generally be defined as a major upheaval of the wealth-creating potential of the economy, opening a vast innovation opportunity space and providing a new set of associated generic technologies, infrastructures and organisational principles that can significantly increase the efficiency and effectiveness of all industries and activities.