Stability in a Superpower-Dominated Global Economic System

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

10 Pages Posted: 25 Aug 2005

See all articles by Oleg V. Pavlov

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)

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.

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

JEL Classification: C61, D74, E61, O11

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: https://ssrn.com/abstract=786650

Oleg V. Pavlov (Contact Author)

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

100 Institute Road
Worcester, MA 01609
United States

HOME PAGE: http://www.olegpavlov.org

Michael J. Radzicki

Worcester Polytechnic Institute (WPI) ( email )

100 Institute Road
Worcester, MA 01609
United States

Khalid Saeed

Worcester Polytechnic Institute (WPI) ( email )

100 Institute Road
Worcester, MA 01609
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
157
Abstract Views
1,856
rank
209,562
PlumX Metrics