Local vs global

The world of today is more connected and interdependent than ever. What happens in one corner of the globe is known the very next moment in most other parts of the globe within seconds. This is possible thanks to social media and the internet.

However this super connected world also has led to some unintended consequences. Now, a stock crash in some particular market will be known immediately to other markets around the world, thus potentially leading to panic.

Also, diseases like Ebola, which used to be contained and local to some locations, can now spread with alarming speed around the world because global travel is very convenient and fast.

As demonstrated by complex system studies, some policies have had repercussions which were totally unintended. For example, the requirement to spend 50% of the corn grown in the US to produce 10% of gasoline has had repercussions in many corners of the world by driving up food prices. This has led to events such as the Arab spring.

It could be worth exploring localized solutions to how societies can adapt to reduce some of the high risks brought about by the globally connected world of today.