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If a natural hazard occurs in a restricted area of the Earth, its impact may be felt worldwide due to our current great interconnectedness.
"To the extent that banks find the single counterparty position limit onerous, this should only alarm us with respect to the great interconnectedness of the system," a group of Stanford University professors led by Anat Admati wrote in an April 30 letter to the Fed.
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Existing without that system and with greater interconnectedness among global banks does not bode well for the ramifications of Greece exiting the European Union.
But the greater interconnectedness of Australia with the rest of the world is also reflected in greater competition – and with that comes competition not just for lower prices, but also over labour costs.
Evidence collected by Chris Matthews, a professor of anthropology at Montclair State University in New Jersey, and Ross Rava, an independent scholar, suggests both a greater interconnectedness between family and slaves and at the same time, a limited autonomy for the Africans.
My contention is that the world's larger trends — greater interconnectedness, faster speed, democratized access to technology — make randomness an ever-more-important factor.
As globalization leads to ever greater interconnectedness between companies and to the instant spread of news and commentary on the Internet, companies from Apple to Wal-Mart need to very aggressively oversee the actions of all the companies they work with and invest in training to ensure that events can't spiral out of control.
Moreover, individuals with greater interconnectedness across networks typically exhibit greater innovative capacity [ 7].
3 4 5 This is plausible as, apart from improvements in life expectancy, the greater interconnectedness increasingly allows rural populations to adopt urban lifestyles without migration to urban areas.
"Freedom of media facilitates a greater degree of interconnectedness and awareness in the community, and is the cornerstone of any democratic society.
"It is a well-established doctrine of economic thought that greater openness and interconnectedness boosts the productive potential of our economy.
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