La Revue Européenne du Droit
A new architecture for globalization
How does the "digital sphere" — the whole of digital information and communication technologies — influence the shaping and perception of crises? While still poorly understood, its influence undoubtedly contributes to the widespread feeling of a crisis of crises, as well as to the questioning of traditional strategies deployed to anticipate and manage them. Based on an analysis of crisis as a collective cognitive phenomenon and on case studies, the session will also examine how the advent of an advanced digital society increases the range of means that collective intelligence can deploy in the face of crisis.
On January 27th, the GEG Weekly Seminar will discuss the European Banking Union and why it struggles to be achieved. The starting point for this discussion will be a paper written by Pedro Gustavo Texeira, Director-General, Governance and Operations of the Single Supervisory Mechanism, European Central Bank (ECB), in the latest edition of the Revue européenne du droit.
What is the main cause of blindness to the emergence of crises? More than the actual occurrence of the event, which is often well anticipated, it is the unfolding dynamics of its effects that are the main difficulty, with the cascading consequences that make an initial cause which is sometimes small and remote the source of major harm. Why do we fail to anticipate the power of crises to spread? Is it a failure to understand interdependencies and transmission channels? Do companies overestimate the effectiveness of protection mechanisms that they think they have put in place? While not able to anticipate everything, the session will focus on analyzing the resources that managers can deploy in order to try to remain adaptable in any circumstance.