Globalization and its Complexity: Challenges to Economic Policy. Bertelsmann Studies

Arpe, Jan (2012) Globalization and its Complexity: Challenges to Economic Policy. Bertelsmann Studies. UNSPECIFIED.

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Abstract

The requirements for sustainable action strategies are undergoing fundamental change as a result of the rapidly increasing complexity of the global economy. Many of the conceptual underpinnings of economic policy-making must be radically rethought: from the paradigm of growth to standard economic models to local and short-term incentive systems to existing decision-making architectures. A sustainable global economic model should minimize risks, be resilient to crises, and provide future generations the opportunity to lead a fulfilled life on our planet. Doing so demands that we facilitate creative and well-founded ideas.

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