Towards an Evolutionary Framework of Understanding the Global Crisis: Past, Present and the Evolutionary Perspectives

Charis Vlados, Nikolaos Deniozos () and Dimos Chatzinikolaou
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Nikolaos Deniozos: National and Kapodistrian University of Greece - Department of Turkish Studies and Modern Asian Studies

No 1-2018, DUTH Research Papers in Economics from Democritus University of Thrace, Department of Economics

Abstract: This paper focuses on the structural and evolutionary examination of the current global crisis and restructuring of the global socioeconomic system. It supports in terms of methodology that in every interpretation of the global crisis it is a prerequisite to analyze and perceive the historical and evolutionary character of the dynamics of global socioeconomic space in a unifying perspective. All the dynamic dimensions of the modern world-economic, technological, social and geopolitical-should be examined together, in their narrow dialectic co-adaptation and co-evolution. The multi-faceted crises of every socioeconomic system are both the products and the producers of globalization crisis in a co-determinatory and co-evolutionary course, while contemporary capitalism, respectively, intensifies unceasingly the dialectic reproduction of the global interdependence. This crisis therefore is sustained, nourished and reproduced by the absence of a 'new wave' of effective innovations, throughout all the levels of socioeconomic activity, and it requires the installation and assimilation of new effective change management mechanisms in order for any socioeconomic system to escape from it. Arguably, the challenge of building a new global developmental trajectory engages with all the levels of analysis and intervention: the individual and the collective, the material and the symbolic, the national and the local, the social and the economic, the microeconomic and the macroeconomic, the cultural and the political. The only sustainable way out of the global crisis, as a result, needs a progressive adaptation to a new evolutionary thinking of perceiving the global crisis dynamics.

Keywords: global crisis; socioeconomic evolution; new globalization; developmental dynamics; innovation; change management (search for similar items in EconPapers)
JEL-codes: B52 F69 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2018-06-16
Note: Proceedings of the 2nd International Conference in Contemporary Social Sciences: "Public Policy at the Crossroads: Social Sciences Leading the Way?" - At: Faculty of Social Sciences University of Crete, University Campus Rethymno, Greece
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