By Kenneth Nordberg
This ebook responds to an more and more pluricentric, reflexive, and versatile society because of globalization and fiscal liberation from the bureaucratic-political method. The 3rd business revolution observed electorate, businesses, and the financial system appearing in sensible networks instead of in static ones, making top-down governing ever more challenging. regardless of this, society structures created within the wake of the second one business revolution linger on and needs to adapt to the globalized, digitized truth with a view to remain invaluable and appropriate. via a theoretical dialogue and 4 empirical circumstances learning governance and innovation platforms, this quantity is the 1st to explain the reasons at the back of the deadlock Western society turns out to discover itself in and indicates inclusive monetary and democratic buildings operating in a bottom-up style as a fashion out. through knowing neighborhood conditions in addition to the cutting edge energy of inclusive and participative constructions, we will start to pave the best way to valid governance and progress. This e-book provides to the educational literature on democracy, governance, financial system, and innovation structures for researchers and students of political technology, social technology, and economics.
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Additional info for Revolutionizing Economic and Democratic Systems: Reinventing the Third Way
However, the origin of the shift is undoubtedly complex, and Bob Jessop has accordingly identified a number of characteristics of the shift to post-Fordism, which can be summarised in five points (1993: 11–23). 34 K. NORDBERG 1. Growing internationalisation forces states to realise that the national economies are not closed and that the growth dynamic is not concentrated to the state. The nation is not self-evidently the best place for growth and innovation—instead, the management of the economy becomes a matter of supporting insertion into the global economy.
First, the process involves the introduction of experiences from a different country. Second, an interpretation is made of these models to the context of local specificities and tacit knowledge. Third, an internalisation of the new ideas takes place. Fourth, the combination of new and local knowledge is implemented into new models. Yet another related concept is social learning, which refers to theorists who see human behaviour as fundamentally unpredictable. Consequently, technocracy does not amount to efficient policies.
In this manner, clusters of innovation initiating a long wave are of such a kind that they impact every aspect of human life. g. electricity, railways), since exponential growth cannot be sustained forever, a phase of stagnation occurs before a new techno-economic paradigm eventually becomes dominant. 32 K. NORDBERG The usage of the term “wave” rather than “period” or “stage” implies recurring characteristics in every wave. Carlota Perez (1983) has described four phases of a long wave: 1. g. coal, iron, microchip).