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Workshop on regulation 2010 (video)

By HEC Paris

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One of the less heralded consequences of globalization is the emergence of crises of expanding magnitude, often described as low probability high impact events, which due to their systemic nature, test our ability to coordinate and swiftly execute a response. The Iceland volcanic ash crisis which happened in April 2010 epitomizes the general problem of emergency response in a world of uncertain manufactured and natural risks. HEC Paris convened an international workshop in November 2010 devoted to the challenge of emerging risks. The workshop conceptualized the response to the volcanic ash problem and uses that problem as a case in point to explore the general problem of emergency response in an environment where – as recently showed by the Japanese earthquake - the lines between manufactured and natural risks are increasingly blurred. International scholars and scientists from the most prestigious institutions (Oxford, LSE, Duke, NASA, United States Air Force, UK Met Office, UNECE, HEC Paris, etc) discussed the paralysis of European airspace in April 2010 as a result of volcanic activity in Iceland and look beyond that crisis to formulate recommendations for better emergency risk regulations.