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- W2061692370 abstract "Technological progress—especially in the realms of information processing, communication, transportation, commerce and distribution of energy—is leading to an accelerated growth in interdependence on all levels of modern society. A well-known result in systems analysis is that highly interdependent large-scale systems carry a high risk of catastrophic failures. To ensure stability, an increase in interdependence must be accompanied by an increase in coordination/regulation. In democratic societies there is an imbalance between interdependence and coordination/regulation. A manifestation of this imbalance is a chronic crisis of undercoordination. In large measure, the debt crisis of 2008 may be viewed as an eruption of the crisis of undercoordination." @default.
- W2061692370 created "2016-06-24" @default.
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- W2061692370 date "2014-01-01" @default.
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- W2061692370 title "The Crisis of Undercoordination" @default.
- W2061692370 doi "https://doi.org/10.2991/jrarc.2014.4.2.1" @default.
- W2061692370 hasPublicationYear "2014" @default.
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