Foresight mechanism for policy coordination: some explanations based on transaction-cost view within knowledge networks
by Alfred Li-Ping Cheng
International Journal of Foresight and Innovation Policy (IJFIP), Vol. 6, No. 1/2/3, 2010

Abstract: This paper synthesises the viewpoints based on theoretical contributions towards foresight evolution and highlights the rationale behind national foresight mechanism through the distinct roles of national knowledge network organisation. Rationale underlines foresight and suggests that targeting on a national goal, foresight as a knowledge network system is similar to the coordinating mechanism as any decision supporting system. This paper argues that the way of knowledge organised and the relevant policy formulated be more closely related to the structure of decision support network of a nation. The transaction-cost explanation helps reshape the organisation of foresight institutions in their role and rights structure.

Online publication date: Sun, 11-Apr-2010

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