Abstract

http://ssrn.com/abstract=786650
 
 

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Stability in a Superpower-Dominated Global Economic System


Oleg V. Pavlov


Worcester Polytechnic Institute (WPI) - Department of Social Science & Policy Studies

Michael J. Radzicki


Worcester Polytechnic Institute (WPI)

Khalid Saeed


Worcester Polytechnic Institute (WPI)


Journal of Economic Issues, Vol. 39, No. 2, pp. 491-501, 2005

Abstract:     
This paper provides an example of a system dynamics model that incorporates soft variables. The model examines the challenges that a superpower faces while maintaining its position in the global economic system. The effects on aggregate welfare of the population at home and abroad, as well as, issues of sustaining authority in the long run are explored through experimentation with a computer model. This theory is an extension of the framework developed by Saeed (1990), which was used to understand political instability and the failure of the government to stay committed to welfare agendas in the developing countries. The present model captures the interaction between several institutional actors involved with the economic and the governance systems. They include the public, the authoritarian regime, the reformist movements that seek change within the existing framework, and the dissident movements that turn to violent methods.

Number of Pages in PDF File: 10

Keywords: Control, censure, violence, terrorism, insurgency, soft variables, system dynamics

JEL Classification: C61, D74, E61, O11

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Date posted: August 25, 2005  

Suggested Citation

Pavlov, Oleg V. and Radzicki, Michael J. and Saeed, Khalid, Stability in a Superpower-Dominated Global Economic System. Journal of Economic Issues, Vol. 39, No. 2, pp. 491-501, 2005. Available at SSRN: http://ssrn.com/abstract=786650

Contact Information

Oleg V. Pavlov (Contact Author)
Worcester Polytechnic Institute (WPI) - Department of Social Science & Policy Studies ( email )
100 Institute Road
Worcester, MA 01609
United States
508-831-5234 (Phone)
508-831-5892 (Fax)
HOME PAGE: http://users.wpi.edu/~opavlov/
Michael J. Radzicki
Worcester Polytechnic Institute (WPI) ( email )
Worcester, MA 01609
United States
Khalid Saeed
Worcester Polytechnic Institute (WPI) ( email )
Worcester, MA 01609
United States
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