Higher education needs to be reformed to face ever more disruptive global events in the future as what we have currently is clearly not working. – The Malaysian Insight file pic, December 15, 2020. ACCORDING to theorist Nassim Nicholas Taleb, a black swan event is defined by three characteristics: rarity, extreme impact, and retrospective predictability. The coronavirus pandemic fits the bill perfectly. It is rare, and has resulted in 1.5 million deaths so far, and is what possibility experts have warned about for years now.What is more concerning is that Black Swan events are likely to become more common in the upcoming decades as a result of climate change and geopolitical instability, churning out events from natural disasters to man-made conflicts, and from financial crises to environmental ones.
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