In this article, we discuss the increasing interdependence of societies, focusing specifically on issues of systemic instability and fragility generated by the new and unprecedented level of connectedness and complexity resulting from globalization. We define the global system as a set of tightly coupled interactions that allow for the continued flow of information, capital, goods, services, and people. Using the general concepts of globality, complexity, networks, and the nature of risk, we analyze case studies of infrastructure, trade, finance, the environment, and epidemiology to develop empirical support for the concept of global systemic risk. We seek to identify and describe the sources and nature of such risks and methods of thinking about risks that may inform future academic research and policy-making decisions.

Competitive elections are essential to establishing the political legitimacy of democratizing regimes. We argue that insurgents undermine the state’s mandate through electoral violence. We study insurgent violence during elections using newly declassified microdata on the conflict in Afghanistan. Our data track insurgent activity by hour to within meters of attack locations. Our results suggest that insurgents carefully calibrate their production of violence during elections to avoid harming civilians. Leveraging a novel instrumental variables approach, we find that violence depresses voting. Collectively, the results suggest insurgents try to depress turnout while avoiding backlash from harming civilians. Counterfactual exercises provide potentially actionable insights for safeguarding at-risk elections and enhancing electoral legitimacy in emerging democracies. (JEL D72, D74, O17)

A large literature suggests that the presence of refugees is associated with greater risk of conflict. We argue that the positive effects of hosting refugees on local conditions have been overlooked. Using global data from 1990 to 2018 on locations of refugee communities and civil conflict at the subnational level, we find no evidence that hosting refugees increases the likelihood of new conflict, prolongs existing conflict, or raises the number of violent events or casualties. Furthermore, we explore conditions where provinces are likely to experience substantively large decreases in conflict risk due to increased development. Analysis examining nighttime lights as a measure of development, coupled with expert interviews, support our claim. To address the possibility of selection bias, we use placebo tests and matching. Our research challenges assertions that refugees are security risks. Instead, we show that in many cases, hosting refugees can encourage local development and even conflict reduction.

A number of studies have demonstrated an empirical relationship between higher ambient temperatures and substate violence, which have been extrapolated to make predictions about the security implications of climate change. This literature rests on the untested assumption that the mechanism behind the temperature-conflict link is that disruption of agricultural production provokes local violence. Using a subnational-level dataset, this paper demonstrates that the relationship: (1) obtains globally, (2) exists at the substate level — provinces that experience positive temperature deviations see increased conflict; and (3) occurs even in regions without significant agricultural production. Diminished local farm output resulting from elevated temperatures is unlikely to account for the entire increase in substate violence. The findings encourage future research to identify additional mechanisms, including the possibility that a substantial portion of the variation is brought about by the well-documented direct effects of temperature on individuals' propensity for violence or through macroeconomic mechanisms such as food price shocks.