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The report cites the Department for International Development as an example of good practice, saying it aimed to "have good performance management, both of high performers, and of poor performers who should be managed, and if necessary exited, robustly but with dignity".
It has derivatives technology and experienced management, both of which the LSE seems to covet.
But thinking of it in terms of management - both of companies and markets - opens up a different and more optimistic vista.
The evolution of insecticide resistance is an obvious constraint on effective pest management, both of agricultural pests and of vectors of disease.
Wetlands are subject to changes in soil moisture as a result of both short-term seasonal climate variations and long-term changes in regional water resource management, both of which can modify the dynamics of ground and surface water inputs.
The technology could help alleviate uncertainty about carbon emissions from deforestation and different forms of forest management, both of which are critical to the emerging policy of REDD (Reducing Emissions form Deforestation and Forest Degradation), a UN program that aims to compensate tropical countries for preserving their forests.
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The importance of improving the management of both these resources is evident.
The scale at which management needs to occur and the type of management both depend on the scale of system processes and the nature of system interactions.
Endovascular techniques have proven to be very effective in the management of both of these problems.
Second, the nineties saw a big effort to regulate investment banking and to apply bureaucratic standards of risk management - both of which poured cold water on risk-lovers and felt warm and cosy to risk-avoiders.
Moreover, much of the money, as Michaud notes, is aimed at minimizing reliance on pesticides and integrating crop management programs, both of which can mean healthier food.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com