The butterfly defect: how globalization creates systemic risks, and what to do about it | University of Oxford

The butterfly defect: how globalization creates systemic risks, and what to do about it

Speaker
Professor Ian Goldin
Event date
Event time
17:00 - 18:00
Venue
Oxford Martin School
34 Broad Street
Oxford
Oxfordshire
OX1 3BD
Venue details

Lecture Theatre

Event type
Lectures and seminars
Event cost
Free
Disabled access?
Yes
Booking required
Required

Globalisation has brought us vast benefits including growth in incomes, education, innovation and connectivity. Professor Ian Goldin, director of the Oxford Martin School, argues that it also has the potential to destabilise our societies.

In The Butterfly Defect: How globalisation creates systemic risks, and what to do about it, he and co-author Mike Mariathasan, Assistant Professor of Finance at the University of Vienna, argue that the recent financial crisis is an example of the risks that the world will face in the coming decades. The risks spread across supply chains, pandemics, infrastructure, ecology, climate change, economics and politics. Unless these risks are addressed, says Goldin, they could lead to greater protectionism, xenophobia, nationalism and to deglobalisation, rising conflict and slower growth.

The book talk will be followed by a book signing and drinks reception