European Parliament Library

The architecture of collapse, the global system in the 21st century, Mauro F. Guillén

The architecture of collapse, the global system in the 21st century, Mauro F. Guillén
Bibliography note
Includes bibliographical references (p. 187-206) and index
index present
Literary Form
non fiction
Main title
The architecture of collapse
Nature of contents
Oclc number
Responsibility statement
Mauro F. Guillén
Series statement
Clarendon lectures in management studies
Sub title
the global system in the 21st century
"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"--Publisher's website
Table Of Contents
The global system -- Complexity -- Coupling -- Complexity, coupling, and the Great Recession -- The U.S./China relationship -- The Euro zone as a complex, tightly-coupled system -- The future of the global system
Global system in the 21st centuryGlobal system in the twenty-first century
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