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Bringing in the Future

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  • Ascher, William

Abstract

Humans are plagued by shortsighted thinking, preferring to put off work on complex, deep-seated, or difficult problems in favor of quick-fix solutions to immediate needs. When short-term thinking is applied to economic development, especially in fragile nations, the results—corruption, waste, and faulty planning—are often disastrous. In Bringing in the Future , William Ascher draws on the latest research from psychology, economics, institutional design, and legal theory to suggest strategies to overcome powerful obstacles to long-term planning in developing countries. Drawing on cases from Africa, Asia, and Latin America, Ascher applies strategies such as the creation and scheduling of tangible and intangible rewards, cognitive exercises to increase the understanding of longer-term consequences, self-restraint mechanisms to protect long-term commitments and enhance credibility, and restructuring policy-making processes to permit greater influence of long-term considerations. Featuring theoretically informed research findings and sound policy examples, this volume will assist policy makers, activists, and scholars seeking to understand how the vagaries of human behavior affect international development.

Suggested Citation

  • Ascher, William, 2009. "Bringing in the Future," University of Chicago Press Economics Books, University of Chicago Press, number 9780226029160, December.
    • Handle: RePEc:ucp:bkecon:9780226029160
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    Cited by:

    1. Pietrobelli, Carlo & Puppato, Fernanda, 2016. "Technology foresight and industrial strategy," Technological Forecasting and Social Change, Elsevier, vol. 110(C), pages 117-125.
    2. Mona Said, 2007. "The Fall and Rise of Earnings and Inequality in Egypt: New Evidence From the ELMPS, 2006," Working Papers 708, Economic Research Forum, revised 01 Jan 2007.
    3. Pietrobelli C. & Puppato F., 2015. "Technology foresight and industrial strategy in developing countries," MERIT Working Papers 2015-016, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    4. Michael L. Ross, 2013. "The Political Economy Of Petroleum Wealth: Some Policy Alternatives," Middle East Development Journal (MEDJ), World Scientific Publishing Co. Pte. Ltd., vol. 5(02), pages 1-19.
    5. Kelly Levin & Benjamin Cashore & Steven Bernstein & Graeme Auld, 2012. "Overcoming the tragedy of super wicked problems: constraining our future selves to ameliorate global climate change," Policy Sciences, Springer;Society of Policy Sciences, vol. 45(2), pages 123-152, June.

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