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Inadequacy of technology and innovation systems at the periphery: notes on Celso Furtado's contributions for a dialogue between evolutionists and structuralists

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  • Eduardo da Motta e Albuquerque

    (Cedeplar-UFMG)

Abstract

This paper focuses on "inadequacy of technology" as formulated by Celso Furtado. The concept of "inadequacy of technology" may be, on the one hand, an enlightening assessment of the technological condition of underdevelopment and, on the other hand, a helpful "focusing device" for an agenda on innovation systems at the periphery. Furtado's approach on inappropriate technology may uncover the social roots of the well know "low-growth trap" of less-developed economies. Celso Furtado explains how inadequacy of technology is related to the polarization "modernization-marginalization" that characterizes economies with immature systems of innovation, as the Brazilian economy. This concept also highlights how difficult it is to overcome the complex interplay among unequal income distribution, localized and blocked technical progress and unsustainable economic growth. To overcome the inadequacy of technology a dual institutional building seems to be necessary: the innovation systems might co-evolve with welfare systems.

Suggested Citation

  • Eduardo da Motta e Albuquerque, 2005. "Inadequacy of technology and innovation systems at the periphery: notes on Celso Furtado's contributions for a dialogue between evolutionists and structuralists," Textos para Discussão Cedeplar-UFMG td254, Cedeplar, Universidade Federal de Minas Gerais.
    • Handle: RePEc:cdp:texdis:td254
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    File URL: https://www.cedeplar.ufmg.br/pesquisas/td/TD%20254.pdf
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    References listed on IDEAS

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    Cited by:

    1. João Prates Romero & Frederico G. Jayme, 2012. "Financial System, Innovation and Regional Development: The Relationship between Liquidity Preference and Innovation in Brazil," Review of Political Economy, Taylor & Francis Journals, vol. 24(4), pages 623-642, October.

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    More about this item

    Keywords

    Celso Furtado; evolutionary theory; innovation systems; welfare systems; catching up process;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other

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