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Systemic Risk

Systems can be affected by critical events or shocks that occur outside or within the system. Systemic risk is associated with cascading impacts that spread within and across systems and sectors via the movements of people, goods, capital and information within and across boundaries. The spread of cascading impacts can lead to potentially existential consequences and system collapse across a range of time horizons.

Latest Systemic Risk additions in the Knowledge Base

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Intersectoral research and multi-risk approaches in Québec: Systemic risk management and its psychosocial consequences

This contributing paper examines the complexity and challenges associated with climate change and systemic risks, presents some systemic frameworks of mental health determinants, and provides an overview of the types of psychosocial impacts of disasters
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Generating solutions to systemic risks through on-going experimentation on invested space-forms

This contributing paper assesses how private, public, and plural sector stakeholders can invest in joint platforms (SpaceForms) that foster creative solutions for systemic risks and hone their collective intelligence. 
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The need for a new narrative in an era of systemic existential threats

This contributing paper aims to assess how risk, as generally used and developed over several centuries, may not appropriate for the complex systemic and cascading threats now being faced.
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Understanding COVID-19 public health outcomes as a function of systemic risks and community resilience: A socio-technical assessment framework to inform governance strategies on social vulnerability, workforce exposure, and resource accessibility

This paper summarises the Argonne National Laboratory research team’s efforts in conducting these assessments to support local public health interventions in the City of Chicago, and the potential applications for communities throughout the world. 
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Disaster risk reduction in the ASEAN region: Understanding and assessing systematic risks of floods and landslides in a river basin context

This contributing paper presents the results of a project implemented to assess the systemic risks of floods and landslides in selected river basins by integrating climate change projections into risk assessments.
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Establishing the nexus between cultural heritage and risk-informed sustainable development: Experiences of understanding and addressing systemic disaster risk from the World Heritage City of Ahmedabad

This contributing paper investigates the process of how the pandemic risk had been building in the World Heritage (old) city of Ahmedabad by considering the old city as a ‘system’ and its functional and operational dimensions as ‘sibling systems’.
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Global initiative on disaster risk management (GIDRM): Strengthening multi-risk approaches in Southern Africa

Extreme events, slow-onset events such as droughts and sea-level rise, and technological or man-made hazards often have disastrous impacts if the resilience of people and (critical) infrastructure is not sufficiently strengthened.
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Documents and publications

Global Initiative on Disaster Risk Management (GIDRM) strengthening multi-risk approaches in Latin America and the Caribbean

GIDRM addresses complex and systemic risk by applying the principle of risk-informed development in key sectors. Public investment in resilient infrastructure emerges as a sensitive variable for recovery from the Covid-19 pandemic.
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