BADM 1004 Chapter Notes - Chapter 1-6: Risk Governance, Ebay, Peer Pressure
1 Aug 2017
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Interdependence > fragility to global shocks (financial crisis); jobs, illicit flows. Downside: inequality b/t countries, global shocks and crisis from system interdependencies > climate change, resource scarcity, cybersecurity, supply chain vulnerability. Redesigning global risk governance mechanisms to take these interconnections into account and to enable cooperation is a major but necessary undertaking. New system risks vs. increased wealth and collective knowledge and connectivity. Pro-glob and anti-globs share this view national borders really don"t matter very much anymore, cross-border integration is close to complete, and we live in one world. David livingstone in 1850s - the railroad, the steam ship, and the telegraph were integrating east africa perfectly with the rest of the world. Export to gdp ratio 30%, but overestimate due to multiple counting of export, really prob under 20% Globaloney - overestimation of how globalized people think the world is (blue bars vs. grey bars) Not a lot of ppl form friendship with strangers on fb)
