20-th April, 2020 At the time of writing, the number of deaths that have been attributed (yes, attributed or related to) to the covid 19 virus in Italy is 23660. The ISS – National Health Institute – states that more than 99% of the deceased had already some, often serious, chronic disease. This means that…
Easter Island (Chilean territory), is a remote volcanic island in Polynesia. Its native name is Rapa Nui. It’s famed for archaeological sites, including nearly 900 monumental statues called moai, created by inhabitants during the 13th–16th centuries. The moai are carved human figures with oversize heads, often resting on massive stone pedestals called ahus. Ahu Tongariki…
We reproduce verbatim a very interesting article by Angel Gurría, OECD Secretary-General. All our blogs are original, with very minor exceptions. This is one of those exceptions. An exceptional article: “The recent financial crisis exposed some serious flaws in our economic thinking. It has highlighted the need to look at economic policy with more critical,…
Businesses rely heavily on information and data. Many businesses actually store data. Some businesses use this data to derive statistics and models which are then used in an attempt to make the business more profitable, more efficient and streamlined. In other cases, models are used to produce forecasts, improve resource allocation, perform scenario analysis or…
Every dynamical system possesses a characteristic value of complexity which reflects how information is organized and how it flows within its structure. Like most things in life, complexity is limited. In fact, there is an upper bound on complexity that a given system may attain and sustain with a given structure. This ‘physiological’ limit…
The EU28 Resistance-to-Shocks (RtS) ratings. To navigate the Complexity Maps, click on the corresponding icon. Hover and click the mouse pointer over the squares on the map. The resilience (robustness) ranking is as follows: Analysis performed…
In a 2015 United Nations Trade and Development Conference report “Trade Slowdown” one reads: ‘As of 2014 the trends in international trade were largely driven by the sluggish economic growth and the persisting economic and political turmoil in various part of the world. From 2011 to 2014 world trade grew at a rate of less…
It is known that Deutsche Bank is in trouble and, according to some, it poses a huge threat to the stability of the global financial system. Read here. On October 29-th, 2015, “The Bank announced a series of measures to reduce complexity and costs” and that the strategic goal was to “Make Deutsche Bank simpler and more efficient”.…
The laws of systemantics apply to highly complex systems and situations. As you read these laws think of the EU and of the recently celebrated Brexit. Le Chatelier’s Principle: Complex systems tend to oppose their own proper function. As systems grow in complexity, they tend to oppose their stated function. A complex system cannot be…
The Global Financial Complexity Index™ (GFCI™) is a meta-index which measures the complexity of the global financial system. The GFCI™ is based on the closing values of the indices of the World’s main market indices and is computed on a daily basis. Essential to the global investor, the GFCI™ measures the ‘temperature’ of the…
