Financial crisis management

Systemic Hazards and the Spheres of Well-Being

ANN FLORINI, Sunil Sharma

July 1, 2020

There are three spheres that are fundamental to human well-being and we're seeing systemic fragility in all of them. (iStock by Getty Images/SabrinaPintus)

In This Episode

The 2008 global financial crisis and the current pandemic have put enormous pressure on societies and exposed cracks in the systems we all depend on to survive. These types of global crises are forcing a reckoning about the world’s ability to manage systemic hazards. In this podcast, Ann Florini and Sunil Sharma say with increasing fragility in political, social, economic, and environmental systems, the 21st century is set to experience massive disruptions that pose serious, possibly existential threats to society. Their article Systemic Hazards is published in the June 2020 issue of Finance and Development Magazine.


ANN FLORINI is a clinical professor at the Thunderbird School of Global Management, Arizona State University.

Sunil Sharma is a distinguished visiting scholar at George Washington University’s Elliott School of International Affairs and senior associate, Council on Economic Policies, Zurich, Switzerland.

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