the multidimensional interactions between white and black swans

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The multidimensional interactions between White and Black Swans of globalization Vignes Gopal Krishna Fast track PhD student & SLAI fellow Department of Economics Faculty of Economics and Administration University of Malaya Email Address: [email protected]

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Page 1: The multidimensional interactions between white and black swans

The multidimensional interactions between White and Black Swans of globalization

Vignes Gopal KrishnaFast track PhD student & SLAI fellow

Department of EconomicsFaculty of Economics and Administration

University of Malaya Email Address: [email protected]

Page 2: The multidimensional interactions between white and black swans

Introduction

The expansionary path of dual interactions between Yin and Yang has illustrated the gap of divergence between the imaginary visualization and actual presentation of multi-interactivity of reality.

Single stage or multi-levels of stage or both ??

Page 3: The multidimensional interactions between white and black swans

Introduction

Patching up versus catching up Single device or multi levels of devices?Flexibility versus rigidity Winners and losersSimplicity versus complexitySleeping with breaks or without breaks?Evolutionary space – failed to look at the heterogeneous styles of agents –

holistic coordination of thoughts Win-win versus win-lose (Mercantilism notice)

Page 4: The multidimensional interactions between white and black swans

Nelson (2008)Lall (1992) Nelson and Winter (1982)Akerlof and Shiller (2009)Keynes (1936) Smith (1776) Sanjaya Lall Joseph Stiglitz Schumpeter (1934) a) Mark 1 (Creative Destruction) b) Mark 2 (Creative Accumulation)Dopfer et al.(2004)Dopfer (2012)

Page 5: The multidimensional interactions between white and black swans

Flying Geese paradigm-Kaname Akamatsu –First comers versus latecomersIntra mode of migration –electronic devices,from rural to

urban Extra mode of migration-common one Brain Draina) political constraints b) Better opportunity Brain Gain

Page 6: The multidimensional interactions between white and black swans