Imagine you have an important decision to make. Do you carefully consider the long-term implications of each possible option or do you act impulsively? Would you approach the decision-making process differently if the consequences stretched out to 30 or even 50 years. More...
The rising complexity of the global economy
A complicated system (such as a car) can be disassembled and understood as the sum of its parts. In contrast, a complex system (such as traffic) exhibits emergent characteristics that arise out of the interaction between its constituent parts. More...
More work? More play? What’s really best for high school students?
I am a student in a French high school, where I have always studied. The French educational system is different to many other countries because of the length of the day, which typically runs from 8 a.m. to 4 p.m., with a half day on Wednesday. More...
Complexity and Better Financial Regulation
The financial crisis of 2007/08 was not caused by complexity alone. It was caused by rapidly increasing financial leverage until a breaking point was reached. While the mostly short-term debt used for leveraging up consists of “run-prone contracts“, the precise location of that breaking point had to be discovered in real time and space rather than in a controlled simulation environment. More...
Complexity and Economic Policy
Over the last two centuries there has been a growing acceptance of social and political liberalism as the desirable basis for societal organisation. More...
The climate scientist and the teacher
In the second of the SWAC/OECD Secretariat’s West African Papers series (“Climate Impacts in the Sahel and West Africa: The Role of Climate Science in Policy Making”), Carlo Buontempo and Kirsty Lewis of the Met Office UK consider the role climate science plays in policy making. More...
The Global Construction Sector Needs a Big Push on Corporate Responsibility
The construction industry employs approximately 7% of the global work force and it is predicted to account for approximately 13% of GDP by 2020. The sector is a major positive force for development. More...
There will be no Shark Week without Sharks
As an American, it’s nearly impossible to go through summer without hearing the chatter or joining in on the festivities around “Shark Week.” In case you haven’t heard of it, it’s an annual week-long television series produced by the Discovery Channel that features all sorts of action-packed shark videos. More...
I see a sea shell on the sea shore. Or is it a plastic bottle?
Aligning Investment with Development Goals in Central America
Central America has an important opportunity over the next few years to build inclusive and sustainable development through deepening regional economic integration, both to further the development of its internal market at sufficient scale, and to present the region as more attractive for investment. More...