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"By nature, ‘complex systems’ grow or decay at exponential rates. As suggested by the butterfly-effect in chaos theory, a negligible change in an ‘original state’ can lead to a radically different ‘resulting state’. In other words, a minor event might have large, unpredictable effects - depending on its: a) position in network (i.e.: initial conditions); b) degree of connectivity (i.e.: ease of interaction); and c) size of the impact".
Alessandro Magnoli Bocchi (born 25 April 1968), is an Italian economist, investment professional and manager.
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"The state needs to enable the markets, but - contrary to the dreams of planners and technocrats - development cannot be ‘state-managed’. For the business environment to lead to innovation, the state needs to protect ‘public goods’ such as: 1) competition; and more broadly 2) the entrepreneurial spirit. Policymakers must achieve a practical, dynamic balance in the state-market mix".