Unexpected extreme events, be it a flash flood or the collapse of a major industry, can cause dramatic changes in a society’s economic, social, financial, and political life. To better prepare countries—in this study, Finland—to be more resilient in the face of such events, the Seven Shocks Project analyzed seven “shock” scenarios and possible responses.
Researchers from IIASA’s Extreme Events Program defined shocks as disturbances that strike a system from the outside. The effects of the shocks and the consequences of the resulting disruptions can be either negative or positive.
IIASA and the 20 partners in the project have chosen to analyze the impact the following seven shocks could have on Finland:
These shock studies complemented the 2010 Finnish Government Resolution for the Security Strategy for Society, which defines threat scenarios and principles for crisis management.
The goal of the project was to examine how Finland, and by implication other countries, can become resilient to the increasing risks of a global system that is rife with uncertainty.
Last edited: 03 June 2014
COMPLETED - 01.2012
Association of Finnish Local and Regional Authorities
Federation of Finnish Financial Services
Finnish Ministry of Defense
Federation of Finnish Commerce
FIMECC Oy - Finnish Metals and Engineering Competence Cluster
International Institute for Applied Systems Analysis (IIASA)
Schlossplatz 1, A-2361 Laxenburg, Austria
Phone: (+43 2236) 807 0 Fax:(+43 2236) 71 313