Book review: the butterfly defect: how globalization creates systemic risks, and what to do about it

The increasing connectivity of people in the world is cause for joy and concern, according to scholars Ian Goldin and Mike Mariathasan in their new book, The Butterfly Defect: How Globalization Creates Systemic Risks, and What to Do about It writes Alex Verkhivker. The authors draw on the premise that micro distresses in any economic system, whether it be energy or finance, are increasingly likely to pose systemic risk as a result of increased connectivity and globalization across individuals, businesses, and governments.