Towards an Evolutionary Understanding of the Current Global Socio-economic Crisis and Restructuring: From a Conjunctural to a Structural and Evolutionary Perspective

Abstract

The current global socio-economic crisis and restructuring reshapes the terms of study of the global dynamics as a whole. A new generation of interdisciplinary socio-economic research on the matter in question seems to be progressively emerging in international literature.Against this background, it gradually emerges the understanding, that any attempt to interpret the individual contemporary socio-economic phenomena, which relate to the crisis and the attempt to restructure globalization, can only be inadequate and ineffective, since it fails to fully approach the current dynamics of globalization in synthetic, holistic terms.In this direction, new interpretative approaches seem to intensify interpenetration and conceptual syntheses between the different fields of socio-economic sciences, in an increasingly unified perspective, by extensively "borrowing" -in a direct and indirect way-methods and theoretical "lenses" derived from system science, chaos theory, and evolutionary economics.In the depth of this methodological rearrangement, according to the position put forward in the following paper, it is crucial that an effort is made to move from a conjunctural to a structural perception of the crisis. Ultimately, the great challenge for the field of study of global dynamics nowadays is the transition from the methodological principles of the traditional mechanistic interpretative method to a coherent and integrated evolutionary socio-economic perspective.

Policies to Foster Entrepreneurship: Elements from the European Experience in the Integrated Micro-Meso-Macro Analytical Perspective

“…In this context, the "competitiveness web" approach takes into account all the evolving levels of socio-economic dynamics by proposing an intermediate organization to promote local entrepreneurship (see Vlados, 2016, for the approach of "Local Development and Innovation Institutes"). Therefore, according to the results of this research, in the current phase of mutation of globalization (Laudicina & Peterson, 2016;Vlados et al, 2018b), the prospect of fostering entrepreneurship from a multilevel and integrated micro-meso-macro perspective seems to be fertile in developmental policies terms, as it seems able to grasp and approach more fully all the elements that lead to the real enhancement of modern entrepreneurship and the sustained growth of its innovative potential.…”

“…In this context, the need for structural reforms becomes pressing in the current phase of restructuring of globalization since it seems that the rules of the entire "gameplay" are changing, at all levels of actors (individuals, firms, and whole industries), space (local, national, international, and global), and socio-economic symbiosis (ideological, cultural, ethical, and political). Most nations of the EU started to understand mostly the urgency of structural reforms only after 2008, although the crisis of globalization has been unfolding structurally for several decades inside a long maturation process (Vlados, Deniozos, Chatzinikolaou, & Demertzis, 2018b).…”

“…More specifically, nowadays, only a few EU countries have recovered in entrepreneurial terms by approaching their 2008 status, while most member states (such as Greece, Hungary, Spain, Poland, Ireland, Romania, Portugal, Italy, and Croatia) are still far from the levels of 2008 (Autio, 2016;Muller et al, 2015). According to EU's facts sheets, this asymmetry goes on at least until 2018 (European Commission, 2018a, 2018b, 2018c, 2018d. Therefore, given the ambiguous results of EU's general transnational policies, it seems useful to look at the effort of fostering entrepreneurship from a national perspective, in order to see whether there are common points among different national policies.…”

Schumpeter, Neo-Schumpeterianism, and Stra.Tech.Man Evolution of the Firm

“… The overall socioeconomic system, which is a space that receives investment interest, accepts and gives feedback to global dynamics. In today's era of crisis and restructuring of globalization (Vlados, Deniozos, & Chatzinikolaou, 2019;Vlados, Deniozos, Chatzinikolaou, & Demertzis, 2018b), partial socioeconomic systems ("competitiveness webs") interact with dynamic processes of co-evolution and co-determination.…”

Conceptual Notes on the Internal Business Environment Analysis and the Stra.Tech.Man Synthesis

“…All of the previous dimensions are of utmost importance for the survival of modern firms, irrespectively of their size and scope, within the highly pressing conditions of the current restructuring crisis of globalization (Laudicina & Peterson, 2016;Vlados, Deniozos, Chatzinikolaou, & Demertzis, 2018). It is critical in today's competitive conditions to find out your strategic competence, to build a genuinely innovative value chain, and to clarify your business culture.…”