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The Butterfly Defect

How Globalization Creates Systemic Risks, and What to Do about It
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( 49 ratings, 5 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
The Butterfly Defect explores the widening gap between systemic risks created by rapid globalization and the ability to manage them effectively. Ian Goldin and Mike Mariathasan examine how turbo-charged globalisation can destabilise societies through complex interconnected systems including supply chains, pandemics, infrastructure, ecology, economics, and politics. They warn that without addressing these risks, the world may face increased protectionism, nationalism, inequality, and slower growth. Drawing on multidisciplinary insights, the authors offer practical strategies for governments, businesses, and individuals to better manage the uncertainties posed by an interconnected world.
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Format: Paperback / softback
$8100

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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

Ideal for readers interested in globalisation, systemic risk, economics, and public policy, including professionals, academics, and informed individuals seeking a deeper understanding of how interconnected global systems affect future stability and growth.

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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 Mariathasa

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

The Butterfly Defect addresses the widening gap between the new systemic risks generated by globalisation and their effective management. It shows how the dynamics of turbo-charged globalisation have the potential and power to destabilise 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 globalisation and risk. Goldin and Mariathasan demonstrate that systemic risk issues are now endemic everywhereβ€”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, deglobalisation, 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.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Finalist for the 2015 Estoril Global Issues Distinguished Book Prize, the book is praised for its clear, jargon-free prose and cohesive arguments. Professor Robert J. Shiller highlighted its important insight that global systems behave like an interconnected meteorological system, making crises unpredictable. The Financial Times calls it "important and thought-provoking," while Library Journal notes its wide relevance across sectors. Reviewers commend the well-structured chapters and practical examples illuminating systemic risk and globalisation's challenges.

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Book Details

INFORMATION

ISBN: 9780691168425

Publisher: Princeton University Press

Format: Paperback / softback

Date Published: 20 October 2015

Country: United States

Imprint: Princeton University Press

Illustration: 45 line illus. 5 tables.

Audience: Tertiary education, Professional and scholarly

DIMENSIONS

Width: 156.0mm

Height: 235.0mm

Weight: 454g

Pages: 320

About the Author

Ian Goldin is director of the Oxford Martin School and professor of globalization and development at the University of Oxford. Mike Mariathasan is assistant professor of finance at KU Leuven.

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