Last updated on February 18, 2012
A distinguished technological change and innovation scholar, Professor Carlota Perez has proposed a “Dual Model for Development: She argues that resource rich economies should create wealth using both perspectives, that is, “Top-Down and Bottom-Up”. Using the former, central governments should take advantage of advanced global innovations and networks to improve their resource processing industries and target global markets. However, “to raise the majority of the population into a decent standard of living”, communities should use the latter perspective to create wealth in every corner of the territory. Kambidima speaks to Lucky Mulusa, to discuss the sixth national development plan and the applicability of Perez’s model to Zambian development. Mr. Mulusa—a scholar of Economics, Business Administration, and Accounting—is the Director of Treasury Operations in the South African Department of National Treasury.