Evolutionary Dynamics and Sustainable Development - A Systems Approach (Hardcover)

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.

General

Imprint:	Edward Elgar Publishing Ltd
Country of origin:	United Kingdom
Release date:	1995
Authors:	Norman Clark • Francisco Perez-Trejo • Peter Allen
Dimensions:	234 x 156 x 20mm (L x W x T)
Format:	Hardcover
Pages:	196
ISBN-13:	978-1-85898-273-1
Categories:	Books > Business & Economics > Economics > Development economics Books > Earth & environment > The environment > Environmental economics > General
LSN:	1-85898-273-1
Barcode:	9781858982731

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