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2020 | OriginalPaper | Chapter

3. Value at Looking Back

Author: MPA DDr. Julia Puaschunder

Published in: Behavioral Economics and Finance Leadership

Publisher: Springer International Publishing

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Abstract

Globalization led to an intricate set of interactive relationships between individuals, organizations, and states. Unprecedented global interaction possibilities have made communication more complex than ever before in history as the whole has different properties than the sum of its increasing diversified parts. With growing globalization and quickening of transfer speed, information may impose unknown systemic economic risks on a global scale. Collective interaction effects lead to hard-to-foreseeable fallacy of composition downfalls. Emergent risks imbued in interaction appear to be inherent in global economic systems. In the light of growing tendencies of globalization, the demand for an in-depth understanding of how information echoes in socio-economic correlates has gained unprecedented momentum. In seeking to shed light on implicit system failures’ socio-economic consequences down the road and potentially disastrous outcomes of cumulative actions triggering mass movements, the chapter outlines unexpected dangers and insufficiently described shadows of past market expectation corrections on future economic market performance.
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Metadata
Title
Value at Looking Back
Author
MPA DDr. Julia Puaschunder
Copyright Year
2020
DOI
https://doi.org/10.1007/978-3-030-54330-3_3

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