The Architecture of Collapse: The Global System in the 21st Century

The Architecture of Collapse The Global System in the st Century Why are there so many crises in the world Is it true that the global system is today riskier and dangerous than in past decades Do we have any tools at our disposal to bring these problems under contr

  • Title: The Architecture of Collapse: The Global System in the 21st Century
  • Author: Mauro F. Guillén
  • ISBN: 9780199683604
  • Page: 347
  • Format: Hardcover
  • Why are there so many crises in the world Is it true that the global system is today riskier and 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, financWhy are there so many crises in the world Is it true that the global system is today riskier and 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.

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      Published :2018-09-07T03:01:10+00:00

    1 thought on “The Architecture of Collapse: The Global System in the 21st Century”

    1. Sociological/complexity theory approach to contemporary economic problems. Views the relative spike in the number of economic crises (e.g. banking crises, inflation, defaults, etc.) since 1980 or so as the result of the current global/financial system, and emphasizes two theoretical concepts: 'interactive complexity', where a system is composed of many moving parts, with non-linear arrangements of cause and effect, and 'tight coupling', which is the extent to which parts affect each other, reduc [...]

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