Technology Cycles and the Demographic Supercharger

Using proven models and proprietary research, Harry Dent explains in this report where we are in the technology cycle and what we can expect in the years to come. Technology cycles that bring clusters of radical new technologies that change our communication, transportation, and energy infrastructures-which ultimately bring new business models and consumer lifestyles-have been the key driver of rising standards of living throughout history. These technology cycles also have been increasingly influenced and driven by rising demographic cycles of population growth. New generations of younger, more –innovative workers and entrepreneurs augment innovation and technology cycles as they first enter the workforce and then adopt those new technologies rapidly as they move into their peak income and spending cycles. These new generation-driven economic and technology cycles are the topic of our latest book, The Next Great Bubble Boom (Free Press, 2004).