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A new piece from me that applies ideas from complexity theory to the cascading health, economic & social effects of #COVID19.
I think we need to think about economic globalisation as involving great benefits but also creating systemic risks that we need to better address
I think we need to think about economic globalisation as involving great benefits but also creating systemic risks that we need to better address
This piece works really nicely with the work by @ANewman_forward and @choermoraes about the vulnerabilities that the coronavirus has shown about our deeply interdependent supply chains and "just-in-time" approaches to manufacturing.
foreignaffairs.com/articles/2020-…
foreignaffairs.com/articles/2020-…
It also links to @geoffreygertz's great work on the unexpected vulnerabilities of supply chains and the possibility for even small disruptions to have large and unexpected effects, but also pointing the way to future risk mapping and creative adaptation.
brookings.edu/blog/future-de…
brookings.edu/blog/future-de…
I spent yesterday writing for my book on #WinnersLosers w/ @nicolas_lamp about the coronavirus and different ways it implicates debates about economic globalisation.
I think it's going to become one of the touchstones of this debates. It can be read in so many different ways-1
I think it's going to become one of the touchstones of this debates. It can be read in so many different ways-1
There is the #geoeconomic angle which emphasises the problems of concentrated economic interdependence eg Australian higher education reliance on Chinese students - in some cases 70%+ come from China and make up almost a quarter of university budgets.
bloomberg.com/news/features/…
bloomberg.com/news/features/…
There is also the #geoeconomic angle which emphasises US vulnerability in relying on Chinese manufacturing production for more than 80% of its medicines, including 97% of its antibiotics.
washingtonpost.com/health/2020/02…
washingtonpost.com/health/2020/02…
