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The prospects for prosperity and well‐being in the 21st century will depend on leveraging social diversity to encourage technological, economic and social dynamism. A striking confluence of forces over the next twenty years could drive a twofold convergence: first, towards more highly differentiated and complex societies, and second, towards the adoption of a common set of general policy goals that are conducive to both diversity and social sustainability. In the opening decades of the 21st century four simultaneous and powerful societal transformations will give rise to more variety and interdependence: from the uniformity and obedience of the mass‐era to the uniqueness and creativity of a knowledge economy and society; from rigid and isolated command planning to flexible, open and rule‐based markets; from predominantly agricultural structures to industrial urbanization; and lastly, from a relatively fragmented world of autonomous societies and regions to the dense and indispensable interdependencies of an integrated planet. In different ways and in different parts of the world, greater social complexity will in all likelihood accompany these wrenching shifts. Rather than fear this increase in social diversity we should welcome the opportunities for learning and sharing that could bring prosperity and well‐being. Nevertheless, there are risks of heightened conflict due to the possible polarization that frequently accompanies the passing of old social orders and the emergence of new ones. Policy choices will be the determining factor in minimizing this friction and encouraging the potential synergies.

At the outset of the 21st century, confidence in the effectiveness and legitimacy of established forms of governance is ebbing. This article considers historical developments in governance, the driving forces likely to transform governance worldwide and the policies that might have the best chance of enhancing governance capacities in line with the desires and needs of the future. Challenges and propects are discussed which entail the dual policy of: encouraging a virtuous circle between governance and technological, economic and social dynamism; and targeting improvements in learning infrastructure, the frameworks for establishing confidence, and the standards (mission/values) within which society functions. By improving the capacity to make and implement decisions throughout society these policies are likely to provide one of the main stepping stones to the realization of people’s aspirations in the 21st century.

The world stands on the threshold of a tantalizing opportunity: the possibility of a sustained economic boom over the first decades of the next millennium. This article outlines the confluence of forces – particularly the transition to a knowledge society, the emergence of a global economy and the pursuit of environmental sustainability – which could come together to propel huge improvements in wealth‐creating capacity and wellbeing world‐wide. The transition to a knowledge economy and society over the next few decades opens up the possibility of massive productivity gains. Equally significant, stimulus for a long boom could emerge from the creation of much more deeply integrated global markets for goods, services, capital and technology. Finally, the long boom could be sustained by a cooperative push to redirect the path of humanity’s relationship to the environment – a change entailing massive investments in new, less resource‐intensive patterns of consumption and methods of production. The unleashing of these dynamic forces hinges on two basic policy thrusts. First, economic dynamism in general and a long boom in particular will demand exceptional efforts – nationally and internationally – to encourage continuous innovation and high levels of investment. Second, with the prospects for a long boom contingent on the realization of a leap in the levels of international cooperation, decision makers will have to consider bold new approaches to negotiating and reconciling conflicting interests and divergent needs.

The Hamburg Institute for International Economics is one of five large institutes in the Federal Republic of Germany engaged in economic research, independent of the relevant activities of universities as well as other research organizations in government, trade and industry. Being a scientific institute of the Free and Hanseatic Town of Hamburg it is controlled by the University Department of the Hamburg schoolboard. The Director of the Institute is Professor Dr Heinz‐Dietrich Ortlieb. The staff numbers 120 members, including thirty departmental heads and scientific specialists.

A national technology foresight project was developed in Portugal in 1999 and 2000 (ET2000) with the major objective to understand and to boost the contribution of engineering and technology (E&T), to improve the competitiveness of Portuguese firms. This project was based on multiple networks promoting debate and interchange of perspectives between policy makers, administration, business and university experts. The work carried out was oriented to support the design and the implementation of policies to develop Portugal as a knowledge‐economy using E&T as a main comparative advantage achieving higher levels of internationalization, competitiveness and sustainability. Major features of ET2000 as well as its contribution to policy making are presented in this paper.

The paper aims to give the reader a consolidated state of art in the full‐wave modeling of passive interconnection systems using equivalent circuits and presents several advantageous techniques developed by the authors.

The paper presents the theory of generalized partial element equivalent circuit (PEEC) modeling in the frequency domain (FD) and time domain (TD) developed by the authors. The widely spread simplified approaches are derived from this general formulation and the most important issues (e.g. stability in the TD) are considered. The theoretical part is completed by a simulation example, which shows the efficiency of studied methods.

Novel approaches for co‐simulation of passive interconnections in their circuit environment.

The PEEC method is widely used in the practice of computational electromagnetics, e.g. by the authors in the practical electromagnetic compatibility simulation.

The paper is based on the original work of authors carried through over many years.

The purpose of this study is to provide quantitative information about the development of Islamic financial management literature. For this purpose, it is aimed to draw attention to the development of this field by revealing the literature gap in the field of Islamic financial management.

In this study, the document analysis method is used and the Web of Science (WOS) site is used to obtain the desired data. The time range of the study covers the years 1980–2023/January. The results obtained from the scans were analyzed by the bibliometric analysis method. The data obtained within the scope of the study are classified and analyzed using the VOSviewer program, which is one of the many software developed for scientific mapping analysis. The obtained data are presented in a certain order with the visual mapping method.

In the analyses made, bibliometric analysis based on document review and including the subject of “Islamic financial management” in the WOS database between the relevant years has not been used in any study, which points to an important gap in the literature. However, 3,022 studies on “Financial management” and 1,830 studies on “Islamic finance” have been identified. Although there is no data on “Financial Management”, the subjects of “Islamic finance” and “Financial management” related to the subject have been evaluated in terms of countries, the most publishing organizations, authors, publications and word–word groups, using the bibliometric analysis method, as well as making numerical and visual evaluations. These studies show that an infrastructure to include the subject of “Islamic financial management” has not been formed in the literature.

This study points to an important gap in the literature. The subjects of “Islamic finance” and “Financial management” have been sufficiently covered in the literature separately. By combining this knowledge with new studies there appears an environment where original studies on the subject of “Islamic financial management” can be made and this study is aimed to shed light on this virgin area.

In the literature bibliometric analysis based on document review including the subject of “Islamic financial management” has not been used in any study. To the best of the author’s knowledge this study is the first in the literature to address the related issue and with it an important gap in the literature has been identified and an important case that will be a source for future studies has been revealed.