During recent years, news headlines have been rife with criticisms
of the risk management practices of public and private sector
entities. These criticisms have often been accompanied by calls for
greater transparency in the way government entities manage risks
and communicate dangers to the public. Similarly, in the private
sector, the internationalization of economic activity has
heightened concerns over the potential adverse implications of
mismanagement and financial scandals, and has led to calls for
greater regulation and supervision. While the responses of public
sector agencies and private sector actors to these challenges have
differed, they share a common acknowledgement that effective
governance relies on the pro-active identification, assessment, and
management of risks as well as appropriate regulatory frameworks.
This edited book covers a number of divergent topics illustrating
the emergence of several novel themes in the area of economic and
social risk. As a commonality, these novel themes relate to the
growing complexity in which human activity in this late stage of
capitalist development is embedded. This risk-generating
complexity, in turn, can be observed at several levels, including
workplace hazards, governance problems within the private sector or
within the intersection of private and public, and in relation to
the economic risks faced by larger entities such as individual
countries.
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