Reckoning with Systemic Hazards

The International Monetary Fund’s journal, Finance and Development, recently published an 1800-word article authored by IIEP Distinguished Visiting Scholar Sunil Sharma and Ann Florini of the Thunderbird School of Management at Arizona State University. Pandemics, climate volatility, economic and financial fragility, and political polarization are wicked problems that the world seems ill-equipped to handle. In this article, the authors argue that managing systemic hazards will require a new mind-set and principles for policy design and action.

Dr. Sharma’s article can be found on the IMF website here. A PDF version is available here. A podcast discussion featuring he and Dr. Florini is available here.