Ian Goldin: The Butterfly Defect

Former Vice President of the World Bank and professor of globalisation at the University of Oxford, Ian Goldin talks to Craig Barfoot about the risks of Globalisation. The past 25 years have witnessed the most rapid economic and social development the world has ever seen. In our increasingly globalised world, if something happens in one place, the aftershocks move quickly around the globe. The Butterfly Defect looks in detail at the financial crisis, but transposes some of the lessons to potential crises involving pandemics, infrastructure, supply chains, ecology, environment and business systems. The question is, how do we manage complexity and prevent our hyper connected systems leading to contagion and risk? How, for example, do we ensure that airports are places for conveying people and prevent them becoming places that convey pandemics?