{
  "title": "How to Implement Strategic Foresight (and Why)",
  "publication": "IMF How To Notes, December 22, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/analytical-notes/issues/2021/12/22/strategic-foresight-at-the-international-monetary-fund-463660",
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  "summary": "This note explains the value of strategic foresight and provides implementation advice based on the IMF’s experience with scenario planning and policy gaming. Section II provides an overview of strategic foresight and some of its tools.",
  "authors": [
    "Alberto Behar",
    "Sandile Hlatshwayo"
  ],
  "publishDate": "2021-12-22",
  "series": "IMF How To Notes",
  "sections": [
    {
      "heading": "Overview and Purpose",
      "content": "- Explains the value of strategic foresight and provides implementation advice based on the IMF’s experience with scenario planning and policy gaming.\n- 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."
    },
    {
      "heading": "Structure of the Note",
      "content": "- Section II: Overview of strategic foresight and some of its tools.\n- Section III: Focus on scenario planning—illustrates applications and details the methods the IMF has been using.\n- Section IV: Describes policy gaming, including the matrix policy gaming approach the IMF has experimented with.\n- Section V: Summarizes key points."
    },
    {
      "heading": "Main Foresight Techniques Emphasized",
      "content": "- Scenario planning\n  - Identified as one of the Fund’s main foresight techniques.\n  - Section III is dedicated to its applications and methods used by the IMF.\n- Policy gaming\n  - Identified as another main foresight technique.\n  - Section IV describes policy gaming and the matrix policy gaming approach experimented with so far.\n- Other tools\n  - Described as complementary to scenario planning and policy gaming."
    },
    {
      "heading": "Intended Audience and Use",
      "content": "- Targeted to practitioners in economics and finance: researchers, policymakers.\n- Purpose: to help incorporate strategic foresight into analysis and decision making."
    },
    {
      "heading": "Keywords and Subject Areas",
      "content": "- Subject: Economic sectors, Financial crises, Financial institutions, Financial markets, Financial sector policy and analysis, Health\n- Keywords: COVID-19, data IMF Library, Emerging and frontier financial markets, Futures, Global, guidance note, Policy game, risk-preparedness framework, scenario planning, Stress testing\n\n---\n\n Content in this bundle\n\n- How to Implement Sytrategic Foresight\n  - How to Implement Sytrategic Foresight (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - How to Implement Sytrategic Foresight (PDF){rel=\"external\" type=\"application/pdf\"}\n- Htnea2021010\n  - Htnea2021010 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/analytical-notes/issues/2021/12/22/strategic-foresight-at-the-international-monetary-fund-463660"
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    "Authors: Alberto Behar, Sandile Hlatshwayo",
    "Published: December 22, 2021",
    "Series: IMF How To Notes",
    "DOI: https://doi.org/10.5089/9781513593869.061",
    "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.",
    "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.",
    "Scenario planning",
    "Policy gaming",
    "Other tools",
    "Targeted to practitioners in economics and finance: researchers, policymakers.",
    "Purpose: to help incorporate strategic foresight into analysis and decision making.",
    "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",
    "**How to Implement Sytrategic Foresight**",
    "**Htnea2021010**"
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