Description
Discover 'The Butterfly Defect', a groundbreaking book by Ian Goldin and Mike Mariathasan that tackles the pressing issues of systemic risk in today's globalized world. This insightful read, published by Princeton University Press in 2014, unveils how globalization, while fostering economic growth, has simultaneously created new vulnerabilities that threaten societal stability. The authors expertly illustrate that systemic risk is now a universal challenge, affecting various sectors including supply chains, public health, infrastructure, climate change, and economic frameworks. By drawing inspiration from diverse academic fields, Goldin and Mariathasan provide actionable strategies for governments, businesses, and individuals to navigate the complexities of globalization responsibly. This essential guide encourages proactive management of global risks to avert the rise of protectionism, xenophobia, and nationalism. Perfect for anyone interested in economics, political science, or global issues, 'The Butterfly Defect' is not just a book; it's a call to action to ensure a balanced approach to globalization and risk management in the modern age.