The Complexity of the Future and the New Theories of Growth: Human Capital, Technology, Policy Choices and Global Governance

Giorgio Dominese ()

Journal Global Policy and Governance, 2015, vol. 4, issue 2, 3-31

Abstract: The paper is focused on the crucial issues of the New Theories of Growthbut of course after a sharp premise on the quest for Global Governance stepping up andthe opposite situation in which we are in these really months. The looming conflictsof the Second Cold War have special boundaries and are not conventional. ISIL is notreally a traditional army and operates at global level much more than supposed. Isolatedand individual countries responses are unrealistic and dangerous at the same time.The New Theories of Growth robustness and the opposite weakness of the traditionalInternational Relations frames of interpretations and prescriptions are proposing thereally “Prisoner’s Dilemma” game theory results, where the convergence of aims andscope can’t produce the indispensable sharing of risks and efforts by the two sides.But the interrelated conditionality and implications of Global Governance policies andprocedures are forcing towards negotiated but not precarious or vulnerable results inworld affairs. In the quite effective equation and outcomes, shown through the driversand clusters of the Formel-G elaborated by the Research Division of the DeutscheBank in 2005 but with reference to the rigorous range of theoretical propositions bothfrom the distinguished scholars Romer-Mankiv-Weil from Berkeley University and thecoincidentally two homonymous authors cholar Paul Romer from Stern School of NewYork University. They had already closed the circle that is now imposing a reshaping,change, innovation of ideas and attitudes also to the more sensitive policy choicescenters. This is the basic conclusion from the many spin-off of this paper in some waychallenging the traditional formalism of the too often aseptic and “zero-sum-game”contributions on the crucial issues for the economy, financial system, development andgrowth of all the humanity in the one world.

Keywords: Global Governance; Conflicts and Terrorism; International Relations; New Theory of Growth; European Union; Environment; Corruption (search for similar items in EconPapers)
Date: 2015
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