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Black swan events – rare occurrences that affect the whole world – don’t seem so rare anymore. The 2008 financial crisis affected global financial markets; Russia’s invasion of Ukraine impacted food prices worldwide; the 2020 COVID-19 pandemic caused mask shortages globally; and the conflict over the Strait of Hormuz is increasing gas prices everywhere.
At least, that’s what Professor Saibal Ray thinks. He’s a James McGill Professor in Operations Management at McGill University. In this podcast interview, he offers his perspective on risk in the 21st century.
Why do events across the planet affect us so much? And is it possible to insulate ourselves from them?
Let’s delve into it.
Eric Dicaire, Delve’s managing editor, hosts this episode.
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// CREDITS
Delve is the official thought leadership platform of the Desautels Faculty of Management at McGill University. Eric Dicaire, Delve’s managing editor, hosted this episode. Edie Pearman, Delve’s content assistant, was our sound and camera operator. Professor Saku Mantere is Delve’s editor-in-chief and produced all of Delve’s original music.
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