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 E-Mail Globalization, digitalization, sustainabilization - three major waves of transformation are unfolding around the world. The social upheaval caused by these transformation processes has given rise to populist movements that endanger social harmony and threaten democratic values. What rules and institutions can promote stability in the face of such systemic risks? A new study published by the Institute for Advanced Sustainability Studies (IASS) offers some surprising answers. The coronavirus pandemic has demonstrated for the first time how a systemic risk can sweep across our globalized world. It began with the little-noticed outbreak of an unknown illness in Wuhan. Then, like an avalanche, the virus spread swiftly throughout China, then to neighbouring countries, and across the globe. As its effects rippled through healthcare systems, disrupted global supply chains, industries, logistics and transportation networks, an initially local event stretched social systems world

Ortwin rennKlaus lucasSabine letzInstitute for advanced sustainabilityUnited nationsInstitute for advanced sustainability studiesAdvanced sustainability studiesSystemic riskSocietal diversityProfessor ortwin rennScientific directorRisk analysisPolicy ethicsTheoretical sciencesSocial behavioral sciencePolitical science