Global investment firm Allianz Global Investors has released a report suggesting the recent financial crisis could herald the start of the sixth Kondratiev wave – a wave in which the key is a increase in resource and energy productivity.
The report describes a structural change in economy called “Eco-Trends”, and argues that growth will be generated from a new mix of economics, ecology and social commitment. The authors singled out nanotechnology and biotechnology as being two areas of interest for their potential to contribute to this increased productivity.
“Both of these segments could play major roles in the new structural cycle by using new materials (and/or properties of materials) and new processes to make many sectors more environmentally friendly through the use of fewer resources and less energy,” the reports authors wrote. Read the report here.