TY - JOUR
T1 - The Emergence of Global Systemic Risk
AU - Centeno, Miguel A.
AU - Nag, Manish
AU - Patterson, Thayer S.
AU - Shaver, Andrew
AU - Windawi, A. Jason
N1 - Publisher Copyright:
Copyright © 2015 by Annual Reviews. All rights reserved.
PY - 2015/8/14
Y1 - 2015/8/14
N2 - In this article, we discuss the increasing interdependence of societies, focusing specifically on issues of systemic instability and fragility generated by the new and unprecedented level of connectedness and complexity resulting from globalization. We define the global system as a set of tightly coupled interactions that allow for the continued flow of information, capital, goods, services, and people. Using the general concepts of globality, complexity, networks, and the nature of risk, we analyze case studies of trade, finance, infrastructure, climate change, and public health to develop empirical support for the concept of global systemic risk. We seek to identify and describe the sources and nature of such risks and methods of thinking about risks that may inform future academic research and policy-making decisions.
AB - In this article, we discuss the increasing interdependence of societies, focusing specifically on issues of systemic instability and fragility generated by the new and unprecedented level of connectedness and complexity resulting from globalization. We define the global system as a set of tightly coupled interactions that allow for the continued flow of information, capital, goods, services, and people. Using the general concepts of globality, complexity, networks, and the nature of risk, we analyze case studies of trade, finance, infrastructure, climate change, and public health to develop empirical support for the concept of global systemic risk. We seek to identify and describe the sources and nature of such risks and methods of thinking about risks that may inform future academic research and policy-making decisions.
KW - complexity
KW - emergence
KW - globality
KW - networks
KW - risk
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U2 - 10.1146/annurev-soc-073014-112317
DO - 10.1146/annurev-soc-073014-112317
M3 - Article
AN - SCOPUS:84939627516
SN - 0360-0572
VL - 41
SP - 65
EP - 85
JO - Annual Review of Sociology
JF - Annual Review of Sociology
ER -