Ortwin Renn proposes that societies are good at conventional risk management, which focusses on discrete events like a fire or car accident, but increasingly challenged by systemic risks where a failure in one part of a system quickly spreads to disable the whole system and has ripple effects on others. “It is the totality of […]
Systemic Risks: The New Kid on the Block Read More »
The authors argue that the world constitutes a tightly coupled, global complex system that endogenously generates systemic risks and vulnerabilities as it grows more complex. After discussing complexity, risk, and networks as key elements of their framework, they provide case studies of global systemic risk in trade, finance, infrastructure, climate change, and public health. The
The Emergence of Global Systemic Risk Read More »
The authors update the ‘Great Acceleration’ graphs of socio-economic and Earth System trends from 1750 to 2010, differentiating between wealthy, emerging, and other countries. Earth system indicators continue their long-term rise, with notable acceleration in the mid-20th century driven by human activities. The year 1950 therefore represents the most convincing start date for the Great
The Trajectory of the Anthropocene: The Great Acceleration Read More »
The authors argue we are increasingly witnessing a new form global crises they characterize as “synchronous failure.” This form of crisis “is more biophysical in origin, more inter-systemic in manifestation, more global in scope, and more rapid in development” (5). The deep cause of synchronous failure are increases in energy throughput, heightened global connectivity, and
Synchronous Failure: The Emerging Causal Architecture of Global Crisis Read More »
The authors survey the development of the adaptive governance concept, which they define as “A range of interactions between actors, networks, organizations, and institutions emerging in pursuit of a desired state for social-ecological systems” (p. 6). Flexible, polycentric networks of diverse stakeholders can better address the uncertainty and complexity of change in social-ecological systems than
A Decade of Adaptive Governance Scholarship: Synthesis and Future Directions Read More »
Dirk Helbing demonstrates that “Systemic failures and extreme events are consequences of the highly interconnected systems and networked risks humans have created. When networks are interdependent this makes them even more vulnerable to abrupt failures.” He surveys key concepts in complexity and network science, draws upon examples of financial meltdowns and crowd disasters, and ultimately
Globally Networked Risks and How to Respond Read More »
Mark Swilling analyzes economic crises from both a global and a more regional (global south/South African) perspective, examining sociological and technological changes from the post-WWII era into the future green economy. He notes that “a growing body of popular and academic literature has turned to long-wave theory to contextualise the crisis and predict the system
Economic Crisis, Long Waves and the Sustainability Transition: An African Perspective Read More »
The authors define a “tipping point” in terms of “a catastrophic bifurcation, where a minor trigger can invoke a self-propagating shift to a contrasting state.” Such “critical transitions” appear in nature and society but remain difficult to predict. The authors propose that complex systems with feature high connectivity and high homogeneity are particularly vulnerable to
Anticipating Critical Transitions Read More »
The authors argue that the world faces an increasing concatenation of crisis in time and space due to “the increased strength of global vs. local drivers of change, so that changes become increasingly synchronized”, and dense global connectivity, which enables crises to propagate and sometimes sees risk management efforts in one region to become crisis
Are we Entering an Era of Concatenated Global Crises? Read More »
This two part special issue of the journal Globalizations considers the multiple crises, dimensions, and interpretations of the global financial crisis.
Globalization and Crisis Read More »
