The Butterfly Defect: How Globalization Creates Systemic Risks, and What to Do about It
| Author | : | |
| Rating | : | 4.99 (930 Votes) |
| Asin | : | 0691168423 |
| Format Type | : | paperback |
| Number of Pages | : | 320 Pages |
| Publish Date | : | 2013-10-29 |
| Language | : | English |
DESCRIPTION:
To paraphrase John F. The issues they raise, and the interconnections they identify, are such that specialists will come away with a deeper understanding of the risks involved in each of the specific fields they cover. The authors have formidable expertise."--Dariusz Wójcik, Journal of Economic Geography"A timely addition to the nascent literature on CT-inspired methods and models. Bound to trigger debate and invite (if not beckon) its readers to pursue further the ideas discussed on its pages."--Emilian Kavalski, Political Studies Revi
The Butterfly Defect shows that mitigating uncertainty and risk in an interconnected world is an essential task for our future.. The Butterfly Defect addresses the widening gap between the new systemic risks generated by globalization and their effective management. Drawing on the latest insights from a wide variety of disciplines, Ian Goldin and Mike Mariathasan provide practical guidance for how governments, businesses, and individuals can better manage globalization and risk. It shows how the dynamics of turbo-charged globalization has the potential and power to destabilize our societies. Goldin and Mariathasan demonstrate that systemic risk issues are now endemic everywhere--in supply chains, pandemics, infrastructure, ecology and climate change, economics, and politics. Unless we address these concerns, they will lead to greater protectionism, xenophobia, nationalism, and, inevitably, deglobalization, rising inequality, conflict, and slower growth
Mike Mariathasan is assistant professor of finance at KU Leuven. Ian Goldin is director of the Oxford Martin School and professor of globalization and development at the University of Oxford.
Systemic Risk in an Interconnected World Knowing Ian from his World Bank days, I have been a fan of his writings. The Butterfly Defect addresses the widening gap between systemic risks and their effective management. It shows how the new dynamics of turbo charged globalization has the potential and power to destabilize our societie. Excellent framing of risks with idealized prescriptions The Butterfly Defect does an excellent job of representing risks from globalization. It does a less well job of explaining how these risks can be managed although the "desired states" are well done.The book is arranged by type of risk with a summary of systemic risk management last. After an. Excellent Work by Consilient Thinkers Goldin and Mariasthan have written an excellent and much-needed volume, one that questions the orthodoxy that globalization has led to unmitigated successes. In this clever work they systematically examine the externalities generated by complexity and connectivity, across domains from econom