Jump to ContentJump to Main Navigation
The Architecture of CollapseThe Global System in the 21st Century$
Users without a subscription are not able to see the full content.

Mauro F. Guillén

Print publication date: 2015

Print ISBN-13: 9780199683604

Published to Oxford Scholarship Online: November 2015

DOI: 10.1093/acprof:oso/9780199683604.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 12 December 2019

The Future of the Global System

The Future of the Global System

Chapter:
(p.168) 7 The Future of the Global System
Source:
The Architecture of Collapse
Author(s):

Mauro F. Guillén

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199683604.003.0007

The evolution of the global system and its subcomponents over the last six decades can be traced in terms of complexity and coupling. Financial companies, and the financial sector as a whole, have become more complex and coupled, even in spite of the correction of 2008. The most important bilateral relationship in the world, that between China and the U.S., and the most complex trade bloc, the European Union, have become enormously complex, though not excessively coupled. By contrast, the Euro Zone is the world’s most complex and tightly-coupled subsystem. The overall global system has also evolved towards that extreme. As a result, disruptions, shocks, and crises have proliferated. The global system can only be made safer if the internal complexity of countries through democratic checks and balances, and state capacity, works to prevent the forces of network complexity and coupling from spelling disaster.

Keywords:   global system, financial sector, European Union, Euro Zone, complexity, coupling, democracy, state capacity

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .