Emerging Economies

FACULTY: Marion Real/ Jessica Guy/ Milena Juarez/ Alessandra Schmidt/ Jonathan Minchin/ Albert Canigueral

CALENDAR: 04/10/2024 - 09/12/2024

TRACK: Reflection

Quote

Every new perspective we encounter is an opportunity to rethink what we know.¶

Notes

1. Circular Economies and Value Flows¶

Definition: An economic model that minimizes waste and maximizes the continuous use of resources by recycling, reusing, and regenerating materials. Value flows represent the movement of materials, products, and information in ways that preserve or enhance their value.

Key Focus: Resource efficiency, waste reduction, and sustainable value cycles.

2. Distributed Economies and Massive Collaboration¶

Definition: A decentralized economic system where production, resources, and decision-making are spread across localized units, enhanced by large-scale collaboration across sectors, communities, and technologies.

Key Focus: Local empowerment, collective innovation, and networked collaboration for economic resilience.

3. Ecological Interactions and the Economies of Nature¶

Definition: An approach that recognizes the economic value of ecosystems and their services (e.g., pollination, water purification) while understanding the interdependence between economic systems and natural environments.

Key Focus: Valuing natural capital, ecosystem services, and environmental sustainability.

Definition: Economic models designed to restore natural and social systems, focusing on practices that regenerate resources and improve community well-being.

Key Focus: Environmental restoration, social equity, and long-term sustainability.

Definition: Business ventures that aim to solve social or environmental challenges while maintaining financial sustainability. Impact economies focus on generating measurable social and environmental benefits alongside economic returns.

Key Focus: Social impact, innovation, and balancing profit with purpose.

6. Emerging Economies and the Future of Work¶

Definition: Economies experiencing rapid growth and industrialization, characterized by evolving work dynamics driven by technology, globalization, and socio-economic shifts.

Key Focus: Digital transformation, workforce adaptability, and inclusive economic growth.

Reflection

Below is the class exercise we did for each class. It consists of a few questions to answer for each economic model. Besides that, I really enjoyed this long seminar. Each week, we had a different expert introduce us to a new economic model. This helped me a lot with my thesis project by encouraging me to rethink or broaden my perspective.