Globalisation and risks for business (2.22 MB, pdf)

Produced by Lloyd's and The James Martin 21st Century School, University of Oxford this report outlines the implications of Globalisation in an increasingly interconnected world. The report explores the new risks to business related to rapid globalisation over the last 20 years and highlights ways in which companies can better manage complex and systemic risks.

 

 

  • Overview

    The report explores the new risks to business related to rapid globalisation over the last 20 years and highlights ways in which companies can better manage complex and systemic risks.

  • Integration and interdependence

    There has been a surge in globalisation in the last two decades leading to an increasingly interdependent and interconnected world. National barriers have been dismantled, there has been standardisation of platforms in transport, business and technology, people have left poverty behind and a growing global population has led to a rise in urbanisation.

  • A new kind of risk

    The sources and the speed of transmission of risks have multiplied as a result of globalisation. The report addresses the systemic nature of economic and financial risk, global pandemic risk, infrastructure risk, supply chain risk, food security and geo-political risks.  The report also provides advice to businesses on how to manage systemic risk

Date of publication: July 2010