Enhancing Worker Digital Experience: A Hands-on Workshop for Partners
Dual concepts of yin yang, animal spirits, presentation-conference
1. Dual concepts of Yin-Yang, Animal Spirits, and network
trajectory phases of innovation in capturing the selected
environments of macroeconomics both in developing and
developed countries
Vignes Gopal Krishna
Department of Economics
Faculty of Economics and Administration
University of Malaya
50603 Kuala Lumpur
Email address : vignesgopal@yahoo.com
3. Introduction
• Transitional thoughts from mono to multi dimension.
• Contradictory power between traditional and
assimilated realities.
• Current world speaks out more on the partial
equilibrium than full equilibrium
• Mono mode versus combined mode (Pragmatic
Approach)
4. Theoretical Guide
• Duo states versus Multi-states of Animal
Spirits
* Flexibility versus Rigidity of thoughts
* “Partial win” versus “Full win”
* Integration versus Dis-integration
* Real complexity & Evolutionary economics
* Passive versus active mode
5. Methodology and Data
• Specification of selected variables
a) Adolescents fertility rate(AFR),
b) infant mortality rate (IMR),
c) Total fertility rate (TFR),
d) Annual growth rate (AGR),
e) Real gross domestic product (RG),
f) Rural population (Rural population),
g) Cereal yield (CY),
h) CO emissions per capita (COPP),
6. • i) inflation rate (IR),
• J) Fossil Fuel energy consumption (%)(FFEC),
• K) Labour force participation rate (LFPR)
• l) Female labour force participation rate
(FLFPR)
• m)Male labour force participation rate (MLFPR
7. • 126 countries (2010 & 2011) – World
Development Indicators
• Classification of countries based on the four
stages of development – Global
Competitiveness Report 2012-2013
• Selection of variables – Global Risk Report
8. Countries FDC
Albania 0
Armenia 0
Bangladesh 1
Benin 1
Bosnia and Herzegovina 0
Bulgaria 0
Burkina Faso 1
Burundi 1
Cambodia 1
Cameroon 1
Cape Verde 0
Chad 1
China 0
Colombia 1
Costa Rica 0
Cote d'Ivoire 0
Dominican Republic 0
Ecuador 0
El Salvador 0
Ethiopia 1
Gambia, The 1
Georgia 0
Ghana 1
Kenya 1
Kyrgyz Republic 1
Lesotho 1
Liberia 1
Macedonia, FYR 0
Madagascar 1
Malawi 1
Malaysia 1
Mali 1
Mauritania 0
Mauritius 1
Moldova 0
Montenegro 0
Morocco 1
Mozambique 0
Namibia 1
Nepal 1
Nicaragua 1
Nigeria 1
Pakistan 0
Panama 0
Paraguay 0
Peru 0
Romania 1
Rwanda 1
Senegal 0
Serbia 1
9. Sierra Leone 0
South Africa 0
Suriname 0
Swaziland 1
Tajikistan 1
Tanzania 0
Thailand 0
Timor-Leste 1
Uganda 0
Ukraine 1
Vietnam 1
Yemen, Rep. 1
Zambia 1
Zimbabwe 1
10. Argentina 1
Australia 0
Austria 0
Bahrain 1
Barbados 1
Belgium 0
Brazil 1
Canada 0
Chile 1
Croatia 1
Cyprus 0
Czech Republic 0
Denmark 0
Estonia 1
Finland 0
France 0
Germany 0
Greece 0
Hong Kong SAR,
China 0
Hungary 1
Iceland 0
Ireland 0
Israel 0
Italy 0
Japan 0
Kazakhstan 1
Korea, Rep. 0
Latvia 1
Lebanon 1
Lithuania 1
Luxembourg 0
Malaysia 1
Malta 0
Mexico 1
Netherlands 0
New Zealand 0
Norway 0
Oman 1
Poland 1
Portugal 0
Puerto Rico 0
Russian Federation 1
Seychelles 1
Singapore 0
Slovak Republic 0
Slovenia 0
Spain 0
Sweden 0
Switzerland 0
Trinidad and Tobago 0
Turkey 1
United Arab Emirates 1
United Kingdom 0
United States 0
Uruguay 0
16. CONTINUOUS FLOW OF NETWORK TRAJECTORY PHASES OF
INNOVATION (CFNTPI)
Origination and
development
Creative Accumulation
(Mark 2)
Information power
Participating Institutions
Number of actors
Behavioural economics
Timing/Duration
Diffusion
Creative Destruction
(Mark 1)
Retention
Adaptation
Adoption
Information power
Participating Institutions
Number of actors
Sources : Author, Schumpeter (1934), Akerlof and Shiller (2009), Dopfer et al(2004), and Dopfer (2012).
17. Conclusion
• Stages of pre-diffusion and post-diffusion that have captured the power of
asymmetric information, participating institutions and the number of actors are
crucial in maintaining the increasing pace of sustainability from the modes of
partial and full capacity through the timing and behavioural aspects of economics
• Contradictory power and the power of relation will determine the pace of patching
up and catching up.
• Combined version of the analytical approach is an important tool to capture the
overall complexity of economics.
• The discussions on the issues of interest will control the contradictory power in the
dual mixture on the patterns of positive and evolutionary.
18. References
• Akerlof, G.A. & Shiller, R.J., Animal Spirits: How Human Psychology drives
the economy, and why it matters for global capitalism. United States:
Princeton University Press, 2009
• Dopfer, K., Foster, J. & Potts, J. (2004). Micro-meso-macro. Journal of
Evolutionary Economics, 14, 263-279.
• Dopfer, K. (2012).The origins of meso economics Schumpeter's legacy and
beyond”. Journal of Evolutionary Economics, 22, 133-160.
• Feenstra, RC, & Hanson, GH. (1996). Globalization, outsourcing, and wage
inequality. The American Economic Review, 86(2), 240-245.
• Lall, S. (1992). Technological Capabilities and Industrialization. World
Development, 20(2),165-186.
19. • Nelson, R. (2008). Economic Development from the Perspective of
Evolutionary Economic Theory”, Oxford Development Studies, 36(1), 9-21.
• Nelson, R.R & Winter, S.G(1982). An Evolutionary Theory of Economic
Change. Harvard University Press
• Schumpeter, J.A (1934) The theory of Economic Development, Cambridge,
M.A: Harvard University Press.
• Sturgeon, T. J. (2002). Modular production networks: a new American
model of industrial organization. Industrial and corporate change, 11(3),
451-496.
• Suzuki, A., Jarvis, L. S., & Sexton, R. J. (2011). Partial Vertical Integration,
Risk Shifting, and Product Rejection in the High-Value Export Supply Chain:
The Ghana Pineapple Sector. World Development, 39(9), 1611-1623.