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In Global Risk Agility and Decision Making, Daniel Wagner and Dante Disparte, two leading authorities in global risk management, make a compelling case for the need to bring traditional approaches to risk management and decision making into the twenty-first century. Based on their own deep and multi-faceted experience in risk management across numerous firms in dozens of countries, the authors call for a greater sense of urgency from corporate boards, decision makers, line managers, policymakers, and risk practitioners to address and resolve the plethora of challenges facing today’s private and public sector organizations. Set against the era of manmade risk, where transnational terrorism, cyber risk, and climate change are making traditional risk models increasingly obsolete, they argue that remaining passively on the side-lines of the global economy is dangerous, and that understanding and actively engaging the world is central to achieving risk agility. Their definition of risk agility taps into the survival and risk-taking instincts of the entrepreneur while establishing an organizational imperative focused on collective survival. The agile risk manager is part sociologist, anthropologist, psychologist, and quant. Risk agility implies not treating risk as a cost of doing business, but as a catalyst for growth. Wagner and Disparte bring the concept of risk agility to life through a series of case studies that cut across industries, countries and the public and private sectors. The rich, real-world examples underscore how once mighty organizations can be brought to their knees—and even their demise by simple miscalculations or a failure to just do the right thing. The reader is offered deep insights into specific risk domains that are shaping our world, including terrorism, cyber risk, climate change, and economic resource nationalism, as well as a frame of reference from which to think about risk management and decision making in our increasingly complicated world. This easily digestible book will shed new light on the often complex discipline of risk management. Readers will learn how risk management is being transformed from a business prevention function to a values-based framework for thriving in increasingly perilous times. From tackling governance structures and the tone at the top to advocating for greater transparency and adherence to value systems, this book will establish a new generation of risk leader, with clarion voices calling for greater risk agility. The rise of agile decision makers coincides with greater resilience and responsiveness in the era of manmade risk.
This innovative and comprehensive collection of essays explores the biggest threats facing humanity in the 21st century; threats that cannot be contained or controlled and that have the potential to bring about human extinction and civilization collapse. Bringing together experts from many disciplines, it provides an accessible survey of what we know about these threats, how we can understand them better, and most importantly what can be done to manage them effectively. These essays pair insights from decades of research and activism around global risk with the latest academic findings from the emerging field of Existential Risk Studies. Voicing the work of world leading experts and tackling a variety of vital issues, they weigh up the demands of natural systems with political pressures and technological advances to build an empowering vision of how we can safeguard humanity’s long-term future. The book covers both a comprehensive survey of how to study and manage global risks with in-depth discussion of core risk drivers: including environmental breakdown, novel technologies, global scale natural disasters, and nuclear threats. The Era of Global Risk offers a thorough analysis of the most serious dangers to humanity. Inspiring, accessible, and essential reading for both students of global risk and those committed to its mitigation, this book poses one critical question: how can we make sense of this era of global risk and move beyond it to an era of global safety?
A Global Catastrophic Risk is one that has the potential to inflict serious damage to human well-being on a global scale. This book focuses on such risks arising from natural catastrophes (Earth-based or beyond), nuclear war, terrorism, biological weapons, totalitarianism, advanced nanotechnology, artificial intelligence and social collapse.
Security and Safety in the Era of Global Risks provides a forum for a robust theoretical and policy debate to unlock new perspectives on risk and conflict plaguing humanity today, and explores innovative approaches to address them in a more peaceful, people-centred and sustainable way.
Providing an up-to-date synthesis of all knowledge relevant to the climate change issue, this book ranges from the basic science documenting the need for policy action to the technologies, economic instruments and political strategies that can be employed in response to climate change. Ethical and cultural issues constraining the societal response to climate change are also discussed. This book provides a handbook for those who want to understand and contribute to meeting this challenge. It covers a very wide range of disciplines - core biophysical sciences involved with climate change (geosciences, atmospheric sciences, ocean sciences, ecology/biology) as well as economics, political science, health sciences, institutions and governance, sociology, ethics and philosophy, and engineering. As such it will be invaluable for a wide range of researchers and professionals wanting a cutting-edge synthesis of climate change issues, and for advanced student courses on climate change.
A scientist known for unraveling the complexities of the universe over millions of years, Sir Martin Rees now warns that humankind is potentially the maker of its own demise -- and that of the cosmos. Though the twenty-first century could be the critical era in which life on Earth spreads beyond our solar system, it is just as likely that we have endangered the future of the entire universe. With clarity and precision, Rees maps out the ways technology could destroy our species and thereby foreclose the potential of a living universe whose evolution has just begun. Rees boldly forecasts the startling risks that stem from our accelerating rate of technological advances. We could be wiped out by lethal "engineered" airborne viruses, or by rogue nano-machines that replicate catastrophically. Experiments that crash together atomic nuclei could start a chain reaction that erodes all atoms of Earth, or could even tear the fabric of space itself. Through malign intent or by mistake, a single event could trigger global disaster. Though we can never completely safeguard our future, increased regulation and inspection can help us to prevent catastrophe. Rees's vision of the infinite future that we have put at risk -- a cosmos more vast and diverse than any of us has ever imagined -- is both a work of stunning scientific originality and a humanistic clarion call on behalf of the future of life.
Argues for a world financial authority with the power to establish worldwide, best-practice financial regulation and risk management, citing historical situations that were resolved by similar agencies. Reprint.
The concept of risk in global life has not been fully understood and explored and this book attempts to examine what it entails in the fast changing, interconnected and complex world. As a foundational component of safety systems, risk has been considered relatively simple, predictable, and therefore, assessable and manageable phenomenon. Social and political sciences prefer the terminology of security to capture the dimension of risk which is more complex and more consequential to survival. Risk has become more human-made and intentional today, and this book explores innovative approaches and engages in theoretical and policy debates to capture its political and security dimensions.
This book discusses ways to deepen the debate on the linkages between global risks and human and environmental security. The approach put forward in this book is one of questioning the ability of existing concepts, regulatory frameworks, technologies and decision-making mechanisms to accurately deal with emerging risks to human and environmental security, and to act in the direction of effectively managing their impacts and fostering the resilience of concerned systems and resources. Empirical research findings from Africa, Asia and the Pacific Islands are provided. During the last decades the links between emerging risks and the security of humans and nature have been the object of considerable research and deliberations. However, it is only recently becoming an important focus of policy making and advocacy. In this contributed volume, it is presumed that the ability – or lack thereof – to make innovative conceptual frameworks, institutional and policy arrangements, and technological advances for managing the current emerging risks, will foster or undermine the environmental security, and consequently determine the future human security. Moreover, taking into account the links between environmental/climate security, human security and sustainability will help frame a new research agenda and potentially develop a broad range of responses to many delicate questions.
The issues that increasingly dominate the 21st century cannot be solved by any single country acting alone, no matter how powerful. To manage the global economy, prevent runaway environmental destruction, reign in nuclear proliferation, or confront other global challenges, we must cooperate. But at the same time, our tools for global policymaking - chiefly state-to-state negotiations over treaties and international institutions - have broken down. The result is gridlock, which manifests across areas via a number of common mechanisms. The rise of new powers representing a more diverse array of interests makes agreement more difficult. The problems themselves have also grown harder as global policy issues penetrate ever more deeply into core domestic concerns. Existing institutions, created for a different world, also lock-in pathological decision-making procedures and render the field ever more complex. All of these processes - in part a function of previous, successful efforts at cooperation - have led global cooperation to fail us even as we need it most. Ranging over the main areas of global concern, from security to the global economy and the environment, this book examines these mechanisms of gridlock and pathways beyond them. It is written in a highly accessible way, making it relevant not only to students of politics and international relations but also to a wider general readership.