Insuring States in an Uncertain World

Nyhet

Towards the Collaborative Government of Complex Risks

Inbunden, Engelska, 2025

Av Louis W. Pauly, Louis W. (University of Toronto) Pauly, Louis W Pauly

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Of the sectors comprising international capital markets, insurance and reinsurance have attracted relatively little attention from students of politics. New social conventions and financial instruments arising from the invention of probabilistic calculation and the discovery of risk began to spread around the world five centuries ago. Today, states and firms are harnessing the logic of insurance to address an expansive array of risks confronting their societies. In Insuring States in an Uncertain World, Louis Pauly examines the history and politics of pragmatic experiments aimed at governing complex global risks. His fascinating and accessible narrative explores the promise and the challenges of multi-faceted insurance arrangements in arenas ranging from nuclear energy production and international financial intermediation to those focused on environmental change, infectious diseases, and disruptive new technologies. At a time when the foundations of global order are under mounting stress, Pauly makes the case for limited and effective political innovation.

Produktinformation

Utgivningsdatum2025-09-18
Mått164 x 235 x 25 mm
Vikt530 g
FormatInbunden
SpråkEngelska
Antal sidor272
FörlagCambridge University Press
ISBN9781009662895

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Louis W. Pauly is a J. Stefan Dupré Distinguished Professor of Political Economy in the Department of Political Science and the Munk School of Global Affairs & Public Policy at the University of Toronto. He is a Fellow of the Royal Society of Canada and a recipient of the Distinguished Scholar Award in International Political Economy from the International Studies Association. Publications include Opening Financial Markets (1988), Who Elected the Bankers? (1997), The Myth of the Global Corporation (1998), and Complex Sovereignty (2005).

Insurance, Then and Now; 1. Risk, Uncertainty, and the Demand for Political Innovation; 2. The Insuring Instinct in a Changing World; 3. The Politics of Governing Risk; 4. The International Evolution of Private Insurance and Reinsurance; 5. Insuring Cross-Border Risks in Commercial Nuclear Energy Production; 6. Systemic Capital Market Risks and the Politics of Improvisation; 7. Global Challenges and the Frontier of Insurability; 8. Complex Risks and the Reconstruction of Government.

'Lou Pauly is right. In an increasingly interconnected world economy, uncertainty poses a profound challenge to governance. The imperative, Pauly argues, lies in the 'insuring instinct' - the development of ever more refined mechanisms for risk management that move beyond narrow self-reliance to broader forms of policy collaboration. The argument is backed up with rigorous logic and extensive case studies. A must-read for any serious student of global governance.' Benjamin Cohen, Distinguished Professor Emeritus, UCSB