How to Implement Strategic Foresight (and Why)

December 22, 2021

Preview Citation

Format: Chicago

Alberto Behar, and Sandile Hlatshwayo. How to Implement Strategic Foresight (and Why), (USA: International Monetary Fund, 2021) accessed November 21, 2024

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. Scenario planning and policy gaming have been the Fund’s main foresight techniques so far, though other tools have been complementary. Accordingly, section III focuses on the scenario planning by illustrating applications before detailing the methods we have been using, while section IV describes policy gaming including the matrix policy gaming approach with which we have experimented so far. Section V summarizes the key points. In so doing, the note 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.

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

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

IMF How To Notes
Stock No:

HTNEA2021010
ISBN:

9781513593869
ISSN:

2522-7912

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