This model shows the operation of a simple economy. It demonstrates the effect of changes in the fractional rate of consumption (or the converse the fractional rate of saving.)
In summary, lower rates of consumption (based on production) result in higher rates of production and consumption in the long-run.
On the occasion of th G20-meeting in Toronto, the German Economics minister Herr Schaüble said that without restoring confidence it would not be possible to get consumer spending and business investment going. Similar remarks were made by David Cameron and Señor Zapatero of Spain. All maintain that confidence is a pre-requisite to get growth going and that, therefore, it was imperative to reduce fiscal deficits. Reducing the fiscal deficit will restore confidence at first. However, reducing the deficit very quickly will introduce a dynamic that may cause the economy to decline - and perhaps depress consumers demand even further. It will actually destroy confidence: few businesses are inclined to invest in a shrinking economy. Cutting the deficit too rapidly or too steeply can lead to a confidence trap.
NOTE: A big experiment is now taking place in the UK - the government has cut public spending severely! Will this lead to hardship and, perhaps, social unrest?
A framework exploring flood risk management in a developing city, under
the new paradigm of coexist - characterised by broader, system-wide goals, a recognition of the role played and benefits provided by flood processes, and higher levels of flood risk awareness.
Clusters of interacting methods for improving health services network design and delivery. Includes Forrester quotes on statistical vs SD methods and the Modeller's dilemma. Simplified version of IM-14982 combined with IM-17598 and IM-9773
The issue of Western Saharan Independence is a complex issue. It is an issue that has a long history with factors such as colonialism. The former colonial power Spain is still very influential when it comes to matters of Independence for Western Sahara in my opinion as they are supporters of the Moroccon cause. As the Systems map shows, there are many different elements to consider when looking at this issue. These different elements interact with each other in a fairly short range (interactions happen regularly). A small change in one particular element such as peacekeeping troops leaving the Western Sahara could have a major impact to the whole system and a completely different system could emerge. This means that it is a non-linear system. Another aspect of this system is the fact that there are feedbacks within the system as a result of certain elements' interactions with each other. A good example here could be the involvement of the EU who are supporters of Morocco, which eventually results in an environment whereby radical terrorist groups thrive within the local community who feel disenfranchised.
List of Issues:
Historic rights to the land (Morocco, Mauritania and Local Sahrawi Population).
This model describes the whole process about government response and economic impact when the covid-19 outbreak in Burnie, Tasmania. When the reported cases increase to a certain level, the government realizes its high risk, then publishes a series of policies to protect the public, such as travel restriction, social distance and quarantine. The economic damage is also severe, especially for tourism and hostility industry and retail industry.
Clearly, in the beginning, the number of infected people and death cases increase sharply, but due to government policies and vaccination, it effectively reduces covid-19 cases. For economy, on one hand, the government health policies slow down the pace of growth, on the other hand, the government build vaccine confidence, which leads to more people getting vaccinated, and help the economy back to normal.
