IDEAS home Printed from https://ideas.repec.org/a/taf/jriskr/v24y2021i1p127-133.html
   My bibliography  Save this article

New challenges for risk analysis: systemic risks

Author

Listed:
  • Ortwin Renn

Abstract

Systemic risks are a product of profound and rapid technological, economic and social changes associated with three major transformations. They are characterized by high complexity, trans-boundary effects, stochastic relationships, and nonlinear cause-effect patterns with tipping points and often associated with less public attention than they deserve. The full range of sys-temic risks from natural hazards to cybersecurity will be used to illustrate these characteristics and their implications. Due to these characteristics, systemic risks are overextending established risk management and creating new, unsolved challenges for policy making in risk governance. Their negative effects are often pervasive, impacting fields beyond the obvious primary areas of harm. The paper relates to an integrative risk concept including evaluation criteria, different risk classes and corresponding management strategies for the handling of systemic risks. The paper argues that a deliberative approach is needed for risk management and policy making in risk governance to prevent, mitigate or control systemic risks.

Suggested Citation

  • Ortwin Renn, 2021. "New challenges for risk analysis: systemic risks," Journal of Risk Research, Taylor & Francis Journals, vol. 24(1), pages 127-133, January.
    • Handle: RePEc:taf:jriskr:v:24:y:2021:i:1:p:127-133
    DOI: 10.1080/13669877.2020.1779787
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13669877.2020.1779787
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13669877.2020.1779787?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Agbodoh-Falschau, Kouassi Raymond & Ravaonorohanta, Bako Harinivo, 2023. "Investigating the influence of governance determinants on reporting cybersecurity incidents to police: Evidence from Canadian organizations’ perspectives," Technology in Society, Elsevier, vol. 74(C).
    2. Natalia Trusova & Natalia Zakharova & Andrii Lysenko & Inna Kohut, 2022. "Risk-orientated management in the sustainable economic system of united agricultural enterprises," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 0(2), pages 347-372.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jriskr:v:24:y:2021:i:1:p:127-133. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJRR20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.