Evolutionary Dynamics and Sustainable Development: A Systems Approach
Edward Elgar, 1995 - Business & Economics - 175 pages
The strategic management of socio-economic systems is becoming increasingly difficult with traditional economic models which are unable to handle environmental and technological factors. In Evolutionary Dynamics and Sustainable Development, Norman Clark, Francisco Perez-Trejo and Peter Allen offer a new approach which emphasizes the evolutionary nature of socio-economic systems. This major book begins with a critical evaluation of conventional economic approaches to development planning and then explores how modern general systems theory can show economic development as a process of structural change. The discussion includes the use of decision tools which can simultaneously handle spatial and temporal evolution. The authors develop a model which they explore through case studies of both Senegal and Crete. The model is combined with risk analysis to show how it can be used in computer-based scenarios, before its properties as an aid to decision making are summarized in the last chapter.Defining development as a process of structural change in economic systems rather than in terms of economic output, this volume will be welcomed for its advocacy of non-linear models as decision tools and for its special reference to issues of economic development and environmental stability in Third World countries.
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Modelling Sustainable Development
The Nature of Systems
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actually agriculture alternative scenario approach argue behaviour calibrated Chapter characteristics cladism Clark and Juma commodities competitive complex systems components conventional costs Crete model Dakar decision tool defined demand described desertification diagram economic activity economic production economic systems effects environment environmental equations evolution evolutionary evolve example explore factors Figure firms flow-line flows function growth hierarchy households impact important increase industry interactive intervention investment knowledge labour Land use change logistic growth macroeconomic mechanisms microstates migration natural resources natural systems neo-Schumpeterian organisation output overall parameters Participatory Rural Appraisal Perez-Trejo planning population population dynamics potential problem profits reality relative attractivity result risk analysis rural areas scientific method sectors and regions Senegal model sense simulation model social socio-economic spatial specific square kilometres stakeholders strategic system dynamics thermodynamic equilibrium tourism traditional types underlying urban areas vacancies values variables VENSIM