governance

Mapping risk and uncertainty is the second step of a proper process to correctly anticipate and manage risks and uncertainties. This stage starts with building a model, which, once completed, will describe and explain the issue or question at hand, while allowing for anticipation or foresight. In other words, with the end of the first step, you have selected a risk, an uncertainty, or a series of risks and uncertainties, or an issue of concern, with its proper time frame and scope, for example, what are the risks and uncertainties to my investment portfolio within the next 18 months to 3 years, or what will be the future of the emerging artificial intelligence world over the next twenty years, or what are the risks and uncertainties to my activity within the next fiver years as a result of China’s rise.

Once this initial question is defined, the second stage is about constructing our underlying model for understanding, i.e. mapping our risk or issue.

As Professor Joshua Epstein underlines, constructing a model – i.e. modeling – is nothing more, actually, than making explicit the hidden, implicit, model we, as human beings, are using when thinking. Epstein lists 16 advantages that result from this explicit modeling, to which we can add a couple more. Among these, we can notably highlight that, in terms of intelligence and anticipation analysis, making the model explicit will help identifying various cognitive, normative and emotional biases, thus allowing for their mitigation. Thanks to this modeling we can think out of the box and overcome silos. Then, the model and its construction will help defining areas of uncertain understanding, which can then be marked for further study, inquiry and research. Meanwhile, an explicit model will also help us working collaboratively, while communication will be greatly eased and enhanced, notably by using tools developed for big data analytics.

How are we thus to transform our inner implicit and imperfect model about the risk and uncertainty of concern into a proper and efficient explicit model to assess correctly risks and uncertainties, design critical responses and communicate about both risks and the decisions taken to manage them?

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Climate change is not only a far away danger. Its effects have also most probably already started impacting us, as the rising number of natural catastrophes and related overall losses worldwide show. What are the consequences on states and governments? Should we continue reducing public expenditures in those conditions?

This post, as many others in the Chronicles of Everstate, can be read both as part of the scenarios on the future of the nation-state, as explained below, or as part of the section on Global Water Security. This shows how all issues are intertwined, and that the multiple existing feedbacks should not be ignored. Previously: In 2012 EVT, Everstate (the ideal-type corresponding to our very real countries created to foresee the future of governance and of the modern nation-state) knows a rising dissatisfaction of its population. Alarmed by the rising difficulties and widespread discontent, the governing authorities decide to do something when new elections start, which begins the second scenario, Panglossy. The new Everstatan government, dependent upon past thinking, decides that a return to economic efficiency … Continue reading 2013 – 2018 EVT – Learning from Water Privatization? (Panglossy)

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Last weeks’ summary: In 2012 EVT, Everstate (the ideal-type corresponding to our very real countries created to foresee the future of governance and of the modern nation-state) knows a rising dissatisfaction of its population. Alarmed by the rising difficulties and widespread discontent, the governing authorities decide to do something when new elections start, which begins the second scenario, Panglossy. The new Everstatan government, dependent upon past thinking, decides that a return to economic efficiency through growth is the key to the crisis. The first years, however, fail to bring back growth; the power of the lenders’ nexus and induced appropriation of public power continue unabated as the regulation of the international financial system does not progress. The initial efforts to fund growth through infrastructure investments show minimal … Continue reading 2013 – 2018 EVT – Unforeseen Outrage: Privatising the Commons (Panglossy)

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Last weeks’ summary: In 2012 EVT, Everstate (the ideal-type corresponding to our very real countries created to foresee the future of governance and of the modern nation-state) knows a rising dissatisfaction of its population. Alarmed by the rising difficulties and widespread discontent, the governing authorities decide to do something when new elections start, which begins the second scenario, Panglossy. The new Everstatan government, dependent upon past thinking, decides that a return to economic efficiency through growth is the key to the crisis. Its first measure, to raise the minimum wage, fails to boost growth through consumption. As the new international meeting group for the resilience of the financial system IRESFIS does not show any progress, the ISSIGE, the international fund to promote green growth through infrastructure investment … Continue reading 2013 – 2018 EVT – Novstate-Air: Fighting Air Pollution for Profit (Panglossy)

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The Red (team) Analysis Weekly No54, 28 June 2012

No54 – 28 June 2012 – Click on the image below to read on Paper.Li (best with mobiles & tablets)

Last weeks’ summary: In 2012 EVT, Everstate (the ideal-type corresponding to our very real countries created to foresee the future of governance and of the modern nation-state) knows a rising dissatisfaction of its population. Alarmed by the rising difficulties and widespread discontent, the governing authorities decide to do something when new elections start, which begins the second scenario, Panglossy. The new Everstatan government, dependent upon past thinking, decides that a return to economic efficiency through growth is the key to the crisis. Its first measure, to raise the minimum wage, fails to boost growth through consumption. The first high level conference of the ISSIGE, the international fund to promote green growth through infrastructure investment, is hailed as a success. However, as the new international meeting group for … Continue reading 2013 – 2018 EVT – Green Growth in Action (Panglossy)

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The Red (team) Analysis Weekly No53, 21 June 2012

No53 – 21 June 2012 – Click on the image below to read on Paper.Li (best with mobiles & tablets)

Last weeks’ summary: In 2012 EVT, Everstate (the ideal-type corresponding to our very real countries created to foresee the future of governance and of the modern nation-state) knows a rising dissatisfaction of its population. Alarmed by the rising difficulties and widespread discontent, the governing authorities decide to do something when new elections start, which starts the second scenario, Panglossy. The new Everstatan government, dependent upon past thinking, decides that a return to economic efficiency through growth is the key to the crisis. Its first measure, to raise the minimum wage, fails to boost growth through consumption. The second, longer term, policy, which promotes green growth through infrastructure investment, starts with the preparation of the first high level conference of ISSIGE. Notably, funding through the emission of bonds, … Continue reading 2013 – 2018 EVT – Investing for Green Growth without Liquidity (2) (Panglossy)

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Last weeks’ summary: In 2012 EVT, Everstate (the ideal-type corresponding to our very real countries created to foresee the future of governance and of the modern nation-state) knows a rising dissatisfaction of its population. Alarmed by the rising difficulties and widespread discontent, the governing authorities decide to do something when new elections start, which starts the second scenario, Panglossy. Dependent upon programmes created to face efficiently past challenges, prisoners of entrenched political groupings, the major parties campaign to come back to the order ante. Meanwhile, the polarisation and rise of a new opposition that took place during the election is temporarily frozen by the last hope thus created. The new Everstatan government, dependent upon past thinking, decides that a return to economic efficiency through growth is the … Continue reading 2013 – 2018 EVT – Investing for Green Growth without Liquidity (I) (Panglossy)

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