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INTERNATIONAL JOURNAL OF BUSINESS EDUCATION AND MANAGEMENT STUDIES

International Journal of Business Education and Management Studies (IJBEMS)

Current Issue

GLOBAL ECONOMIC COMPLEXITY-EMBRACING THE CURRENT REALITIES.

IJBEMS  ·  Vol 5 Issue 2 2025  ·  2025-09-25
Publication Details
Author(s)
MACAULAY AKANIMOH EDWIN (ACA) ; UDOM, AKAMOBONG FRIDAY(CNA)
Article Type
Research Article
Issue
Vol 5 Issue 2 2025
Volume
5
Number
2
Pages
1-8
Publication Date
2025-09-25
Abstract
The twenty-first century is marked by increasing global economic complexity, shaped by interconnected trade systems, rapid technological innovations, shifting geopolitical dynamics, and the urgent imperatives of sustainability. Unlike earlier economic eras, contemporary economies operate within deeply interdependent networks where disruptions in one region reverberate globally. This paper examines the realities of global economic complexity, highlighting critical drivers such as technological change, financial interdependencies, climate change, and evolving global power structures. It further discusses current challenges, including supply chain fragility, inequality, inflationary pressures, and the rise of digital vulnerabilities. The study underscores the necessity of embracing these complexities through resilient supply chains, inclusive growth strategies, technological adaptation, and stronger global cooperation. Recommendations emphasize sustainable development, adaptive policy frameworks, and the strategic empowerment of human capital as pathways for navigating uncertainty. The findings reveal that while global economic complexity poses significant risks, it also presents transformative opportunities for innovation, inclusiveness, and long-term resilience if effectively managed.
Keywords
Globalization Economic Complexity Supply Chains Technological Innovation Sustainability Inequality Financial Interdependence Climate Change