Systemic trade risk of critical resources.

摘要: In the wake of 2008 financial crisis, role strongly interconnected markets in causing systemic instability has been increasingly acknowledged. Trade networks commodities are susceptible to cascades supply shocks that increase trade risks and pose a threat geopolitical stability. We show risk, scarcity, price volatility nonfuel mineral resources intricately connected with structure worldwide spanned by these resources. At global level, we demonstrate scarcity resource is closely related susceptibility network respect cascading shocks. regional find that, some extent, region-specific risk can be understood centrality measures capture risk. The associated highest indicators often those produced as by-products major metals. identify significant strategic shortcomings management particular European Union.