04 February 2016
Trade is a vital part of achieving a stable, sustainable future, something that has been long recognized in IIASA research. Founded in the same year as IIASA, 1972, the Club for Trade Delegates serves as a contact platform between accredited trade and economic delegates and the Austrian business and political community.
IIASA Director General and CEO Professor Dr. Pavel Kabat introduced the institute, covering the role it played in cross-border cooperation in its early days during the cold war. This is a function it still serves today, using science diplomacy to support sustainable global development.
Peter Klimek, assistant professor at the Section for Science of Complex Systems at the Medical University of Vienna, then presented a study he carried out with collaborators at IIASA on how trade networks can come under severe systemic risk, depending on the structure of the network. This work has been applied to the case of many critical resources—such as phosphorus and rare earth elements—and could help improve the resilience of these trading networks.
Last edited: 05 February 2016
International Institute for Applied Systems Analysis (IIASA)
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