Health

Global Catastrophic Risks 2022: A Year of Colliding Consequences

The report provides an overview of several catastrophic risks that are potentially global in scope: weapons of mass destruction, pandemics, artificial intelligence, asteroids, climate change, super-volcanic eruptions, ecological collapse, population growth, and climate tipping points. For each risk, it explores the key factors that affect the risk levels and the extant governance frameworks that address […]

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Global Risks of Infectious Disease Outbreaks and its Relation to Climate

The paper examines whether the aggregated effects of climate change and modes of climate variability affect the propensity for infectious disease outbreaks through an extreme value statistics approach. The analysis reveals that fatalities from outbreaks follow a power-law distribution, indicating that extreme events like the COVID-19 pandemic fall within expected statistical bounds. The authors find

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Reducing Global Catastrophic Biological Risks

This guide defines global catastrophic biological risks (GCBRs) as “risks that threaten great worldwide damage to human welfare, and place the long-term trajectory of humankind in jeopardy… [and are] broadly biological in nature”. The author then analyzes historical, current, and potential biological risks (e.g., The Black Death, horsepox, etc.) and argues that some historical biological

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Taking Strategic Initiative to Prevent and Defuse Major Risks

Melanie Hart, Jordan Link, and Ngor Luong of the Center for American Progress translate and discuss Chinese Central Political and Legal Affairs Commission Secretary-General Chen Yixin’s effort to explain President Xi Jinping’s “ten fundamental insights” on “preventing and resolving major risks”. Yixin considers black swan events and risk interactions, noting that “All categories of risk

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Global Catastrophic Biological Risks: Toward a Working Definition

Global catastrophic biological risks (GCBRs) are hazards caused by biological agents that result in massive disruptions to society. The authors analyze historical GCBRs, such as H1N1 and the Black Death, and their interactions with other complex aspects of society. The rapid depopulation caused by the Black Death, for example, generated “broad, lasting, and complex effects

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The Emergence of Global Systemic Risk

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

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The Butterfly Defect

The Butterfly Defect: How Globalization Creates Systemic Risks, and What to Do about it

Ian Goldin and Mike Mariathasan argue that systemic risk is endemic to globalization that cannot be removed. “It is a process to be managed rather than a problem to be solved” (p. xiii). But rather than retreat from globalization and forfeit its considerable benefits, the authors argue that systemic risk requires global governance reforms to

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