Has Globalisation Made Us More Catastrophe-Prone? -- A Commentary

From The Independent:

As the world grapples with the worst economic downturn in decades and the possibility of a flu pandemic, a growing body of research suggests the complexity of the modern global economy may make us more vulnerable than ever to catastrophe.

The financial crisis began as turmoil in one small segment of the US mortgage market. Within months it had morphed into a global meltdown affecting almost everyone on earth.

"The speed at which these events unfolded was unprecedented," said the World Economic Forum's 2009 report on global risk.

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