Ian Goldin is a former vice-president of the World Bank and advisor to President Nelson Mandela. He is now director of the Oxford Martin School and professor of globalisation and development at the University of Oxford. In his new book, “The Butterfly Defect“, co-written with Mike Mariathasan, Goldin explores both the promise and the perils of globalisation. “We are more tightly linked than ever before,” they write.
That unprecedented integration of economic and other systems has brought with it previously unimaginable benefits to substantial portions of humanity. But it also exposes us to “systemic risks” of a kind we’ve not faced before, and which politicians, at both the national and global level, need to try to understand—and quick. They could do worse than read “The Butterfly Defect,” though its analysis of the risks that metastasise in fiendishly complex global systems will probably keep them awake at night.