The Butterfly Defect: How Globalization Creates Systemic Risks, and What To Do About It

摘要

A voluminous body of literature has explored the benefits of globalization, but the aim of this work is an attempt to analyze systemic risks associated with globalization. In this ambitious project, the authors cast a wide net to include risks that are the subject of serious analysis in various disciplines. The book is organized in eight chapters. Chapter 1 restates the benefits of globalization, bringing our attention to the rise of systemic risks in a global community characterized by growing connectivity and complexity. Chapter 2 through 7 deal with specific systemic risks as related to finance, supply chains, infrastructure, ecology, health pandemics, and inequality and social risks. In chapter 8, various suggestions for risk management are offered. Space prohibits a discussion of all the systemic risks discussed by the authors.