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Item Details
Title: THE BUTTERFLY DEFECT
HOW GLOBALIZATION CREATES SYSTEMIC RISKS, AND WHAT TO DO ABOUT IT
By: Ian Goldin, Mike Mariathasan
Format: Hardback

List price: £32.95


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ISBN 10: 0691154708
ISBN 13: 9780691154701
Publisher: PRINCETON UNIVERSITY PRESS
Pub. date: 2 May, 2014
Pages: 320
Description: Global hyperconnectivity and increased system integration have led to vast benefits, including worldwide growth in incomes, education, innovation, and technology. Drawing on insights from a wide variety of disciplines, the authors provide guidance for how governments, businesses, and individuals can better manage risk in our contemporary world.
Synopsis: The Butterfly Defect addresses the widening gap between the new systemic risks generated by globalization and their effective management. It shows how the dynamics of turbo-charged globalization has the potential and power to destabilize our societies. 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.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.The Butterfly Defect shows that mitigating uncertainty and risk in an interconnected world is an essential task for our future.
Illustrations: 45 line illus. 5 tables.
Publication: US
Imprint: Princeton University Press
Prizes: Commended for Estoril Global Issues Distinguished Book Prize 2015
Returns: Returnable
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