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Why are there so many crises in the world? Is it true that the global system is today riskier and more dangerous than in past decades? Do we have any tools at our disposal to bring these problems under control, to reduce the global system's proneness to instability?
These are the tantalizing questions addressed in this book. Using a variety of demographic, economic, financial, social, and political indicators, the book demonstrates that the global system has indeed become an 'architecture of collapse' subject to a variety of shocks. An analysis of the global financial crisis of 2008, the bilateral relationship between the U.S. and China, and the European sovereign debt crisis illustrates how the complexity and tight coupling of system components creates a situation of precarious stability and periodic disruption.
This state of affairs can only be improved by enhancing the shock-absorbing components of the system, especially the capacity of states and governments to act, and by containing the shock-diffusing mechanisms. In particular, those related to phenomena such as trade imbalances, portfolio investment, cross-border banking, population ageing, and income and wealth inequality.
Inhaltsverzeichnis
- Preface
- 1: The Global System
- 2: Complexity
- 3: Coupling
- 4: Complexity, Coupling, and the Great Recession
- 5: The U.S./China Relationship
- 6: The Euro Zone as a Complex, Tightly-Coupled System
- 7: The Future of the Global System
Über den Autor / die Autorin
Mauro F. Guillén is the Zandman Professor of International Management at the Wharton School, and Director of the Lauder Institute, University of Pennsylvania. His research has to do with globalization and its impact on patterns of organization and on the diffusion of innovations. He is the author of a dozen books and over 40 scholarly articles. He is an elected fellow of the Sociological Research Association, a former Guggenheim fellow, a recipient of the Aspen Institute's Faculty Pioneer Award, and a member of the Global Agenda Council on Emerging Multinationals at the World Economic Forum.
Zusammenfassung
Using a variety of economic, financial, and political indicators, this book demonstrates that the global system has become an 'architecture of collapse'. The global financial crisis of 2008, the bilateral relationship between the U.S. and China, and the European sovereign debt crisis illustrate the causes and the consequences of global instability
Zusatztext
This big-think book provides an innovative lens to the study of economic globalization. A sociologist, Guillén (Wharton School) skillfully navigates a multidisciplinary interrogation of the increasing fragility of the global economic system.
Bericht
Few social scientists have the urbane vision and capacious intellect of Mauro Guillén. His dissection of the shock inducing and absorbing features of our interconnected world system vividly details the risks we presently face, but also paves the way for steps that could cushion the present volatility. Walter W. Powell, Stanford University
