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OECD Reviews of Risk Management Policies
Future Global Shocks
Improving Risk Governance
OECD Publishing , Publication date:  23 Aug 2011
Pages: 140 , Language: English
Version: Print (Paperback) + PDF
ISBN: 9789264095205 , OECD Code: 422011091P1
Price:   €29 | $40 | £26 | ¥3700 | MXN520 , Standard shipping included!
Availability: Available (Print on Demand)
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Other Versions:  E-book - PDF Format

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Recent global shocks, such as the 2008 financial crisis, have driven policy makers and industry strategists to re-examine how to prepare for and respond to events that can begin locally and propagate around the world with devastating effects on society and the economy. This report considers how the growing interconnectedness in the global economy could create the conditions and vectors for rapid and widespread disruptions. It looks at examples of hazards and threats that emerge from the financial world, cyberspace, biological systems and even the solar system, to reflect on what strategic capacities are called for to improve assessment, mapping, modelling, response  and resilience to such large scale risks.  


Table of contents:

Chapter 1.
Definition and drivers of future global shocks
-What are future global shocks?
-The future is now
-Global shocks know no boundaries
-Are future global shocks only negative?
-Drivers of future global shocks
Chapter 2. Risk assessments for future global shocks
-Financial crises
-Cyber risks
-Geomagnetic storms
-Lack of knowledge about amplifiers
-Accounting for secondary effects
-Outlook for future global shocks
-Policy options
Chapter 3. Tools to prepare for future global shocks
-Mapping and modelling of complex systems
-Mapping complex systems
-Modelling complex systems
-Maps and models: Understanding the connection
-Maps and models: Where are the gaps?
-Policy options
Chapter 4. Emergency management of future global shocks
-Surveillance, monitoring and early warning systems
-Countermeasures, reserves and back-up systems
-Incentive structures contributing to systemic risks
-Insufficient skills and knowledge to manage global shocks
-Policy options
-Annex 4.A1. Comparative characteristics of routine emergencies/ disasters/ global shocks
Chapter 5. Strategic approaches for managing future global shocks
-Scaling-up capacities through improved international co-operation
-Building societal resilience to global shocks
-Policy options
-Annex 5.A1. Compendium of Standards
Annex A. Glossary
Annex B. Members of the Future Global Shocks Project

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