How to Implement Strategic Foresight (and Why)
IMF How To Notes, December 22, 2021
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- How to Implement Strategic Foresight (and Why)
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Bibliographic details
- Authors: Alberto Behar, Sandile Hlatshwayo
- Published: December 22, 2021
- Series: IMF How To Notes
- DOI: https://doi.org/10.5089/9781513593869.061
Overview and Purpose
- Explains the value of strategic foresight and provides implementation advice based on the IMF’s experience with scenario planning and policy gaming.
- Extends an invitation to those in the economics and finance fields (e.g., researchers, policymakers) to incorporate strategic foresight in their analysis and decision making.
Structure of the Note
- Section II: Overview of strategic foresight and some of its tools.
- Section III: Focus on scenario planning—illustrates applications and details the methods the IMF has been using.
- Section IV: Describes policy gaming, including the matrix policy gaming approach the IMF has experimented with.
- Section V: Summarizes key points.
Main Foresight Techniques Emphasized
- Scenario planning
- Identified as one of the Fund’s main foresight techniques.
- Section III is dedicated to its applications and methods used by the IMF.
- Policy gaming
- Identified as another main foresight technique.
- Section IV describes policy gaming and the matrix policy gaming approach experimented with so far.
- Other tools
- Described as complementary to scenario planning and policy gaming.
Intended Audience and Use
- Targeted to practitioners in economics and finance: researchers, policymakers.
- Purpose: to help incorporate strategic foresight into analysis and decision making.
Keywords and Subject Areas
- Subject: Economic sectors, Financial crises, Financial institutions, Financial markets, Financial sector policy and analysis, Health
- Keywords: COVID-19, data IMF Library, Emerging and frontier financial markets, Futures, Global, guidance note, Policy game, risk-preparedness framework, scenario planning, Stress testing
Content in this bundle
- How to Implement Sytrategic Foresight
- Htnea2021010