Problem

Strategic path dependency

Nature:

Economic systems, even if inefficient, and social systems are hard to change despite changing circumstances because they follow paths determined by earlier institutional choices. The initial choice of a particular technology, for example, "locks" an economy into a sequence of adaptive investments that block the later adoption of more efficient technologies.

Related UN Sustainable Development Goals:
GOAL 8: Decent Work and Economic GrowthGOAL 16: Peace and Justice Strong Institutions
Problem Type:
F: Fuzzy exceptional problems
Date of last update
04.10.2020 – 22:48 CEST