Digital territory and new frontiers in the construction world

Since the last crisis in 2008, our country has been going through a period of major economic change. To the observer, the destinies of the various countries in our civilization appear increasingly intertwined, in a kind of common trajectory. What is true here seems to be true elsewhere, and the only difference may be the way we approach the issues we face.

History reminds us that every economic action involving the creation, destruction and sharing of value takes place in a specific time and space.

This article aims to mobilize the concept of time in the interpretation of creative destruction cycles, theorized by economists Joseph Schumpeter and Nikolai Kondratieff .

Time is not understood as a simple calendar duration, but rather as a "wave" (Kondratieff wave) or "cycle of creative destruction" (according to the Schumpeterian interpretation).

These cycles are generated by one or more radical innovations, which in turn generate clusters of second-order innovations. Every new innovation cycle is linked to a specific period in economic history, and comprises an initial phase of growth reaching a so-called "plateau" effect, followed by a phase of "decline". Economic history shows us that these phases are punctuated by financial crises, highlighting the need for change in the interests of one's own company or nation.

The act of creating value is intimately linked to a place. This "economic space" has been observed from an academic angle since the beginning of the last century. Alfred Marshall was one of the forerunners of the study of the geographical context of economic action. Marshall reminded us that specific productive features can characterize territories, orienting a community in a kind of atmosphere specific to the sector. Almost a century later, James Moore