Contemporary risks are increasingly complex and interdependent, reflecting a global reliance on tightly coupled socio-technical systems. Recent events illustrate how vulnerabilities in just-in-time supply chains and insufficient system resilience (e.g., lack of modularity and redundancy) can precipitate widespread disruptions. Notably, global impacts do not require large-scale shocks; disturbances within interconnected systems can escalate rapidly and cascade through systems, crossing sectoral and geographical boundaries.
Systemic risk assessment offers a critical framework for mapping these interdependencies, understanding their dynamics, identifying leverage points, and informing interventions that enhance resilience and reduce cascading failures. However, this raises pressing analytical, policy and governance questions. This working group seeks to advance systemic risk scholarship and practice.
Working Group Updates
Below you can find the most recent updates from members on activities associate with this working group as well as current documents and news.