Ian Goldin: Complexity in Economic Theory - INET Panel (3/5)

The video discusses the complexity of global systems, emphasizing the unpredictability of the future despite advanced institutions. It highlights the rapid changes in globalization and connectivity over the past 20 years, driven by technological advancements. The speaker outlines lessons from the financial crisis, focusing on the inadequacy of current regulatory structures, the importance of understanding network nodes, and the need for resilience in economic systems. The video concludes with a call for rethinking management theories to build sustainable and resilient systems.

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