Managing Global Risks In The Urban Age

The first full-length exposition of what it terms a global city-global risks nexus, this volume crosses disciplinary boundaries to draw upon research from Security Studies; Geography; Sociology; and Urban Studies. Innovative in its approach integrating theories about Global Cities with those positing a Global Risk Society, Yee-Kuang Heng positions this research in the midst of two concurrent global trends that will gain more significance in coming years. The world is experiencing the consequences of not only rapid globalisation, but also urbanization. In 2008, the UN declared that more than half the world’s population was now urban. At the same time, highly connected global cities like New York, London, Tokyo and Singapore also face rapidly spreading global risks such as pandemics and financial crises. Unique in developing a typology of global risks that threaten a global city like Singapore, beyond its Asian focus, the book also draws out thematic and policy lessons pertinent to other global cities. ’Global cities’ do not simply materialize. They are dependent on a range of stakeholders at various levels that produce and re-produce its command and control capabilities, in the face of global risks. Singapore’s experiences managing global risks in the financial; aviation; and maritime domains are common concerns shared by many countries and cities that have, or aspire to develop, similar critical infrastructure.

Innovative in its approach integrating theories about Global Cities with those positing a Global Risk Society, Yee-Kuang Heng positions this research in the midst of two concurrent global trends that will gain more significance in coming years. The world is experiencing the consequences of not only rapid globalisation, but also urbanization. Unique in developing a typology of global risks that threaten a global city like Singapore, beyond its Asian focus, the book also draws out thematic and policy lessons pertinent to other global cities.

This book provides an up-to-date guide to managing Country Risk. It tackles its various and interlinked dimensions including sovereign risk, socio-political risk, and macroeconomic risk for foreign investors, creditors, and domestic residents. It shows how they are accentuated in the global economy together with new risks such as terrorism, systemic risk, environmental risk, and the rising trend of global volatility and contagion. The book also assesses the limited usefulness of traditional yardsticks of Country Risk, such as ratings and rankings, which at best reflect the market consensus without predictive value and at worst amplify risk aversion and generate crisis contamination. This book goes further than comparing a wide range of risk management methods in that it provides operational and forward-looking warning signs of Country Risk. The combination of the authors’ academic and market-based backgrounds makes the book a useful tool for scholars, analysts, and practitioners.

In a rapidly urbanizing and globalized world, cities have been the epicentres of COVID-19 (coronavirus). The virus has spread to virtually all parts of the world; first, among globally connected cities, then through community transmission and from the city to the countryside. This report shows that the intrinsic value of sustainable urbanization can and should be harnessed for the wellbeing of all. It provides evidence and policy analysis of the value of urbanization from an economic, social and environmental perspective. It also explores the role of innovation and technology, local governments, targeted investments and the effective implementation of the New Urban Agenda in fostering the value of sustainable urbanization.

This book equips readers with a deeper understanding of the challenges posed by radical socioeconomic, environmental, and cultural changes due to globalization and describes effective, sustainable solutions to these challenges. The focus is especially on the rapid urbanization processes in countries of the Global South, which are giving rise to dramatic new problems of spatial and social inequality and difficult environmental challenges in relation to climate change. Readers will gain skills and knowledge that will help them to develop an integrated, multidisciplinary approach to planning, design, and management of urban settlements and territories in contexts with a high level of social, economic, territorial, and landscape vulnerability. The coverage includes, for example, strategies to promote social inclusion, improve housing quality, ensure adequate education, protect cultural heritage, enhance risk management, and address issues in the food-energy-water nexus. Among the authors are leading experts from the Polytechnic University of Milan, where a multidisciplinary set of studies and research projects in the field have been undertaken in recent years.

This innovative and comprehensive collection of essays explores the biggest threats facing humanity in the 21st century; threats that cannot be contained or controlled and that have the potential to bring about human extinction and civilization collapse. Bringing together experts from many disciplines, it provides an accessible survey of what we know about these threats, how we can understand them better, and most importantly what can be done to manage them effectively. These essays pair insights from decades of research and activism around global risk with the latest academic findings from the emerging field of Existential Risk Studies. Voicing the work of world leading experts and tackling a variety of vital issues, they weigh up the demands of natural systems with political pressures and technological advances to build an empowering vision of how we can safeguard humanity's long-term future. The book covers both a comprehensive survey of how to study and manage global risks with in-depth discussion of core risk drivers: including environmental breakdown, novel technologies, global scale natural disasters, and nuclear threats. The Era of Global Risk offers a thorough analysis of the most serious dangers to humanity. Inspiring, accessible, and essential reading for both students of global risk and those committed to its mitigation, this book poses one critical question: how can we make sense of this era of global risk and move beyond it to an era of global safety?

A scientist known for unraveling the complexities of the universe over millions of years, Sir Martin Rees now warns that humankind is potentially the maker of its own demise -- and that of the cosmos. Though the twenty-first century could be the critical era in which life on Earth spreads beyond our solar system, it is just as likely that we have endangered the future of the entire universe. With clarity and precision, Rees maps out the ways technology could destroy our species and thereby foreclose the potential of a living universe whose evolution has just begun. Rees boldly forecasts the startling risks that stem from our accelerating rate of technological advances. We could be wiped out by lethal "engineered" airborne viruses, or by rogue nano-machines that replicate catastrophically. Experiments that crash together atomic nuclei could start a chain reaction that erodes all atoms of Earth, or could even tear the fabric of space itself. Through malign intent or by mistake, a single event could trigger global disaster. Though we can never completely safeguard our future, increased regulation and inspection can help us to prevent catastrophe. Rees's vision of the infinite future that we have put at risk -- a cosmos more vast and diverse than any of us has ever imagined -- is both a work of stunning scientific originality and a humanistic clarion call on behalf of the future of life.

Identifies the major weaknesses in the current United Nations system and proposes fundamental reforms to address each. This title is also available as Open Access.