The Princeton Lecture: The Butterfly Defect

07 April 2014

Portrait of Professor Ian Goldin

with Professor Ian Goldin
Professor of Globalisation and Development

Professor Ian Goldin was the founding Director of the Oxford Martin School from September 2006 to September 2016. He is currently Oxford University Professor of Globalisation and Development, Senior Fellow at the Oxford Martin School, a Professorial...

Globalisation has brought us vast benefits including growth in incomes, education, innovation and connectivity. Professor Ian Goldin, director of the Oxford Martin School, argues that it also has the potential to destabilise our societies. In his forthcoming book, 'The Butterfly Defect: How globalisation creates systemic risks, and what to do about it', co-authored with Mike Mariathasan, Assistant Professor of Finance at the University of Vienna, he describes how these risks spread across supply chains, pandemics, infrastructure, ecology, climate change, economics and politics. Unless these risks are addressed, says Goldin, they could lead to greater protectionism, xenophobia, nationalism and to deglobalisation, rising conflict and slower growth.