Understanding the Formation and Governance of Technological Risk: A Comprehensive Analysis

Abstract

This paper provides a comprehensive analysis of the formation and governance of technological risk, shedding light on the complex interplay of factors influencing risk perception, assessment, and management in technological domains. Drawing on interdisciplinary perspectives from risk management, technology studies, and policy analysis, we examine the socio-technical dynamics underlying the emergence and evolution of technological risks across various sectors and contexts. Through a critical review of literature and empirical case studies, we explore the role of technological complexity, uncertainty, stakeholder perceptions, regulatory frameworks, and organizational practices in shaping the governance of technological risk. Additionally, we discuss strategies for enhancing risk governance effectiveness, including stakeholder engagement, transparency, and resilience-building measures. By providing a nuanced understanding of the formation and governance of technological risk, this paper offers valuable insights for policymakers, industry practitioners, and researchers striving to navigate the complexities of technological innovation and its associated risks.