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This book argues for computer-aided collaborative country research based on the science of complex and dynamic systems. It provides an in-depth discussion of systems and computer science, concluding that proper understanding of a country is only possible if a genuinely interdisciplinary and truly international approach is taken; one that is based on complexity science and supported by computer science. Country studies should be carefully designed and collaboratively carried out, and a new generation of country students should pay more attention to the fast growing potential of digitized and electronically connected libraries. In this frenzied age of globalization, foreign policy makers may – to the benefit of a better world – profit from the radically new country studies pleaded for in the book. Its author emphasizes that reductionism and holism are not antagonistic but complementary, arguing that parts are always parts of a whole and a whole has always parts.
An original view of interdisciplinary thinking and its applications is given in this book. It aims to help the reader develop a contextual way to understand and act in complex situations. The book is based on a G-type principle: heterogenetic, interactive and pattern-generating. Each chapter is not only interdisciplinary, but also contextual and relational. They correspond to each of the six ways of cultivating contextual understanding. Five of the chapters give concrete examples; three of them center on examples from business management. This is because business management has become a frontier of complexity requiring contextual thinking; it is useful epistemologically to those in the humanities, social and natural sciences. The sixth chapter theoretically summarizes all the concrete examples.
As the world shifts to a less stable geopolitical structure, only firms that can acquire a better capability to foresee and prepare for change will prevail over the long term.Strategy and Geopolitics provides a strategic framework that can help senior business executives address the challenges of globalization in this evolving geopolitical landscape. This book underlines the need to go beyond a simplistic understanding of different countries and territories: it discusses the geopolitical issues that can be the cause of success or failure in different markets; and it explores strategies for dealing with global and local complexity, as well as introducing innovative ideas on recruitment and organization.
Complexity Research on Economic and Social Processes Are you fascinated by the intricate dance of economics and social phenomena? Dive into the world of "Complexity Research on Economic and Social Processes," a groundbreaking book that explores the intersection of complexity science, economics, and social dynamics. This book is your gateway to understanding the profound implications of complexity on our economic systems and social behaviors. Unveiling the World of Complexity EconomicsDiscover the Power of Polymer Matrix Composites (PMCs) Explore the innovative world of Polymer Matrix Composites (PMCs) and learn how these lightweight, resilient materials are transforming industries. Understand how PMCs distribute stress and offer exceptional resistance to wear and corrosion, making them essential in modern engineering. Challenge the Economic Status Quo Delve into the realm of Complexity Economics, a revolutionary field that questions conventional economic theories. Gain insights into how complexity thinking challenges mainstream economic ideas, including the theory of general equilibrium. Computational Economics Meets Complexity Science Witness the marriage of computational economics and complexity science, which opens new horizons in modeling and prediction. Explore "almost archetypal" models and the intriguing dynamics of the stock market, revealing outcomes that defy conventional wisdom. The Prisoner's Dilemma and Beyond Journey through different contexts where the prisoner's dilemma plays out, from network interactions to evolving strategies. Uncover the ever-changing distributions of strategies and their implications on economic systems. Emergence of Macro-Level Consequences Understand how seemingly simple interactions at the micro-level give rise to complex macro-level consequences. Break free from the constraints of the representative agent technique and embrace the emergentist perspective in economics. Quantifying Economic Complexity Learn about the groundbreaking work of César Hidalgo and Ricardo Hausmann in quantifying a country's economic complexity. Explore the "Product Space" concept and its pivotal role in understanding global economic networks. The Significance of Economic ComplexityEconomic Complexity Index (ECI) Grasp the significance of the Economic Complexity Index (ECI) in predicting a country's future GDP per capita growth. Discover how the ECI outperforms traditional measures like the World Bank's governance index and the Global Competitiveness Index. A Roadmap to Prosperity Gain insights into how understanding economic complexity can pave the way for a nation's economic growth. Realize that the ECI holds the key to unlocking a brighter economic future for countries worldwide. In "Complexity Research on Economic and Social Processes," you'll embark on a journey through the intricate web of complexity science, economics, and social dynamics. This book is a must-read for scholars, economists, and anyone intrigued by the hidden patterns shaping our world. Don't miss the opportunity to unravel the secrets of economic complexity and its profound impact on our future. Order your copy today and embark on a voyage of discovery into the fascinating world of complexity economics!
The purpose of this contributed volume is to consider how global consumption patterns will develop in the next few decades, and what the consequences of that development will be for the economy, policymakers, and society at large. In the long run, the extent to which economic growth translates into better living conditions strongly depends on how rising affluence and new technologies shape consumer preferences. The ongoing rise in household income in developing countries raises some important questions: Will consumption patterns always continue to expand in the same manner as we have witnessed in the previous two centuries? If not, how might things evolve differently? And what implications would such changes hold for not only our understanding of consumption behavior but also our pursuit of more sustainable societies?
This book provides a clear, concise and readable introduction to complexity thinking, its application to the social sciences and public policy, and the relevance of some of its various tools to those fields of politics, health, the international realm, development, planning and terrorism. The authors argue that the foundation for many of the current crises in these areas can be traced to the attempt by social scientists and policy-makers to treat these systems and processes as fundamentally orderly, predictable and controllable. By providing an overview of complex systems, a practical introduction to basic concepts and tools of these systems, and examples for understanding and managing them in real life policy situations they provide an exciting new perspective for rethinking our basic approaches to the social sciences and for understanding and managing the increasingly interdependent world of public policy. The book is vital reading for students and scholars of the social sciences and public policy, and also policymakers and the policy actor audience.
This book offers a comprehensive perspective on policy theories, policy formulation and implementation, and alternative paradigm for dealing with complex social and economic systems. It presents insights into policies on major development sectors, including health, education, urbanization, climate change, innovation, advanced manufacturing, and economic growth. It delves into why public policies matter more than resources and are crucial for shaping the future of a country. It attempts a pioneering effort and delineates a complexity theory framework to deal with uncertainty, nonlinearity, emergence, and evolution. It comprises systems thinking, design thinking, complexity thinking, and tools for complexity analysis. Applicable to a policy system, economy, business, and organization, the complexity theory relies on phenomena like emergence, self-organizing property, adaptation, coevolution, and path dependency, in a clear departure from reductionism and Newtonian paradigm. Through academic rigor, it makes a convincing case for better understanding of application of complexity theory. It covers real-world examples and case studies related to evolution of economies of silicon valleys – Bengaluru (India) and San Francisco Bay (USA). These cases underscore the essentiality of complexity theory. In terms of policy formulations, the book contains a policy design framework covering the science of policymaking, innovative approaches, and methodology for policy design. To deal with dynamic systems, it includes a step-by-step guide for the application of system dynamics. It articulates alternative paradigm – adaptive policies and policy design; alternative theory – complexity theory; and new public organizations and institutional development for meeting the challenges of the 21st century. Aiming to reduce fuzziness, the book combines both researcher’s in-depth analysis as well as practitioner’s perspective, thus serving as a vital read for scholars of public policy, management, and economics. It emphasizes the primacy of policy process to discern deep understanding from the ground and to integrate micro-level realities and macro-level requirements. It argues for change from Weberian bureaucratic model to adaptive approaches and recommends policy system reforms, highlighting that countries should make the right policy choices early to steer ahead. In doing so, the book serves the requirements of policymakers and thought leaders.
Peter A. Coming Palo Alto, CA November, 2000 This volwne represents a distillation of the plenary sessions at a unique millenniwn year event -a World Congress of the Systems Sciences in conjunction with the 44th annual meeting of the International Society for the Systems Sciences (ISSS). The overall theme of the conference was "Understanding Complexity in the New Millenniwn. " Held at Ryerson Polytechnic University in Toronto, Canada, from July 16-22,2000, the conference included some 350 participants from over 30 countries, many of whom were representatives of the 21 organizations and groups that co-hosted this landmark event. Each of these co-host organizations/groups also presented a segment of the program, including a plenary speech. In addition, the conference featured a nwnber of distinguished "keynote" speeches related to the three daily World Congress themes: (1) The Evolution of Complex Systems, (2) The Dynamics of Complex Systems, and (3) Human Systems in the 21st Century. There were also seven special plenary-level symposia on a range of timely topics, including: "The Art and Science of Forecasting in the Age of Global Wanning"; "Capitalism in the New Millenniwn: The Challenge of Sustainability"; "The Future of the Systems Sciences"; "Global Issues in the New Millenniwn"; "Resources and the Environment in the New Millenniwn"; "The Lessons of Y2K"; and "Can There be a Reconciliation Between Science and Religion?" Included in this special commemorative volume is a cross-section of these presentations.
This book combines the human development approach and innovation economics in order to explore the effects that structural economic change has on human development. While economic diversification can provide valuable new social choices and capabilities, it also tends to lead to more complex decision processes and changes to the set of capabilities required by people to self-determine their future. Within this process of structural transformation, social networks are crucial for accessing information and social support, but networks can also be a root cause of exclusion and inequality reproduction. This implies the need to encourage innovation and economic diversification beyond production expansion, focusing on the promotion of human agency and social inclusion. This book provides such a modern perspective on development economics, emphasizing the role of social networks, economic diversity and entrepreneurship for social welfare. The author discusses how innovation, social networks, economic dynamics and human development are interlinked, and provides several practical examples of social and micro-entrepreneurship in contexts as diverse as Peruvian rural villages and Brazil’s urban areas. The interdisciplinary perspective put forward in this book illustrates theoretical and methodological methods of exploring the complexity of development in a practical and relevant way. It also provides useful information about structural factors which need to be considered by practitioners when designing pro-poor growth policies. Furthermore, the coverage of the core concepts of innovation, networks and development economics, enriched with multiple examples, makes it a valuable resource for scholars and advanced students of modern development economics.
Tools and methods from complex systems science can have a considerable impact on the way in which the quantitative assessment of economic and financial issues is approached, as discussed in this thesis. First it is shown that the self-organization of financial markets is a crucial factor in the understanding of their dynamics. In fact, using an agent-based approach, it is argued that financial markets’ stylized facts appear only in the self-organized state. Secondly, the thesis points out the potential of so-called big data science for financial market modeling, investigating how web-driven data can yield a picture of market activities: it has been found that web query volumes anticipate trade volumes. As a third achievement, the metrics developed here for country competitiveness and product complexity is groundbreaking in comparison to mainstream theories of economic growth and technological development. A key element in assessing the intangible variables determining the success of countries in the present globalized economy is represented by the diversification of the productive basket of countries. The comparison between the level of complexity of a country's productive system and economic indicators such as the GDP per capita discloses its hidden growth potential.