The global economy develops in what is referred to as Kondratiev waves. This means long boom periods which can last up to several decades. They trace the economic and social developments which were triggered by fundamental innovations. So far, we have had five such waves which are summarized under different key words. In the meantime, many scientists assume that currently a sixth, new wave is developing under the term “Energy and Environmental Technology”.
In order to understand the importance of this assumption, the last wave with the topic information technology must be remembered. In the mid-seventies, a movement developed in the literally called “garage software establishments“ in California, which established one of the world’s largest industrial sectors. A typical feature of such a development is that always in its progress, a few giant corporate groups emerge controlling the market. These companies are usually the ones which discovered the economic possibilities of their industry in time.