New Economy Digital Ecosystems & Platforms

Economic Complexity

The understanding of how nations develop economies through the accumulation of productive knowledge and diversification of products.

Tacit Knowledge

Knowledge that is hard to transfer or acquire, as it resides in individuals' brains rather than being codified.

Crystals of Imagination

Products that represent the crystallization of knowledge and creativity, like iPads and light bulbs, enabling further knowledge dissemination.

Related Comparative Advantage (RCA)

Theory suggesting that countries capable of producing one type of product likely have the knowledge to produce similar goods.

Full Democracies

Political systems that protect civil liberties and maintain checks and balances with independent media.

Flawed Democracies

Political systems with fair elections but governance issues.

Public Health Measures

Programs and campaigns aimed at disease prevention that improve public health outcomes.

Environmental Conditions

Factors like clean air and water that significantly impact life expectancy.

Aging Population

Demographic trend characterized by a declining working age population, which can strain pension systems.

Digital Platforms

Online systems that facilitate global trade and communications, transcending traditional geographical boundaries.

Economic Development and Government Role

Governments must support current industries and incentivize private sector involvement while ensuring responsiveness and legitimacy.

Fertility Rate

The number of births per 1,000 women of reproductive age.

Healthcare Access

Availability of quality healthcare services, essential for supporting longevity and health outcomes.

Demographic Forces

Shifts in population structure that influence economic and health policies, including aging and urbanization trends.

Upgrading and Upskilling

Initiatives aimed at enhancing the skills of the workforce to adapt to technological changes and economic demands.

Hybrid Regimes

Governments marked by electoral fraud and corruption, challenging the rule of law.

Access to Clean Air, Water, and Sanitation

Essential environmental factors that significantly influence health and longevity outcomes.

Zoomers

A slang term used to refer to the Zoom generation, which became prominent during the COVID-19 pandemic.

Regulatory Agility

The capacity of governments to quickly adapt regulations in response to technological advancements.

Geopolitical Assertion

The increasing influence and competition of countries on the global stage, shaping economic policies and relations.

Digital Divide

The gap between individuals who have access to modern information and communication technologies and those who do not.