10 November 2020 - 12 November 2020
Virtual

2020 Annual Meeting of the Society for Decision Making Under Deep Uncertainty

Leena Ilmola-Sheppard gives a talk on "Global economic system behaviour after COVID-19 - how to use systems analysis in the case of extreme uncertainties" at the 2020 Annual Meeting of the Society for Decision Making Under Deep Uncertainty (DMDU 2020) co-organized by Tecnologico de Monterrey, Mexico. The meeting is centered on the theme “New Ideas, Frontiers and Transformations”.

© Skypixel | Dreamstime.com

© Skypixel | Dreamstime.com

Global economic system behaviour after COVID-19 - how to use systems analysis in the case of extreme uncertainties

Policymakers around the world faced an urgent need to deal with extremely high uncertainties due to the COVID-19 pandemic last spring. The project produced a set of extreme scenarios and a recommendation for policies that would create success in the post-Covid world dominated by uncertainties.  The method applied in the project produced a set of resilience requirements and a pragmatic assessment method for analysis of 109 different growth initiatives. In May and June 2020 the Ministry of Economic Affairs of Finland used the results of the project for the design of the national portfolio of future growth. The recent October 2020 update process of these scenarios and the evaluation of the policy recommendations produced surprising outcomes and revealed some weaknesses in the scenario planning.



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Last edited: 10 November 2020

CONTACT DETAILS

Leena Ilmola-Sheppard

Senior Research Scholar

Advanced Systems Analysis/Advancing Systems Analysis

T +43(0) 2236 807 614

DMDU 2020

New Ideas, Frontiers, and Transformations

International Institute for Applied Systems Analysis (IIASA)
Schlossplatz 1, A-2361 Laxenburg, Austria
Phone: (+43 2236) 807 0 Fax:(+43 2236) 71 313