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Globalisation has created substantial benefits, but global governance must evolve to meet the challenges posed by new systemic risks

Goldin, Ian (2014) Globalisation has created substantial benefits, but global governance must evolve to meet the challenges posed by new systemic risks. LSE European Politics and Policy (EUROPP) Blog (01 Sep 2014). Website.

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Abstract

The 2007-08 financial crisis highlighted the potential for negative economic developments to spread quickly across the world’s interconnected economies. Ian Goldin writes that this constituted the first example of a truly systemic crisis, where risks that pooled in a relatively small market in the American Midwest (the sub-prime mortgage market) cascaded to all corners of the global economy. He argues that new insights are required to restructure globalisation in a manner which allows us to harvest the benefits of closer integration, while also reducing harmful and dangerous spill-overs.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2014 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JF Political institutions (General)
Sets: Collections > LSE European Politics and Policy (EUROPP) Blog
Date Deposited: 30 Mar 2017 15:40
Last Modified: 22 Aug 2020 23:11
URI: http://eprints.lse.ac.uk/id/eprint/71806

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