Global Disconnect: Need to understand, acknowledge, and manage interdependencies at all levels
Across nations, there is a troubling disconnect at all levels. It is time nations understand, acknowledge, and manage their inter-dependencies, be it within a business, within an industry, or within a nation.
1.Do you see a disconnect within your nation?
2.Do you think your nation has the capability to understand and acknowledge their inter-dependencies?
3.Do you think any meaningful steps are taken to manage the inter-dependencies within your nation?
Please specify which nation you are addressing.
With an eye on the future I look forward to a meaningful dialogue to address critical interdependency risks. Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
If one views interdependency as correlation, then yes, correlation between independent variables increases the variance of the dependent variable, which translates as greater risk. So yes, interdendency would add risk. The question then becomes, do we we seek to manage those interdependencies, or to reduce or eliminate the interdependencies (?). I would suggest that the latter is the proper approach given the difficulty of determining the level of correlation (interdependency) between independent variables (even when we have continuous data). The axiom could also be, “avoid complexity.” Good luck!