What this theory wants to tell us is that the final result of the development of things is very sensitive to the initial conditions, and the smallest deviation of the initial conditions will cause great differences in the final results. A small matter may eventually lead to a big storm.
If the "butterfly effect" in meteorology shows the insignificance of human beings in front of nature, then the "butterfly effect" in economics often contains the inevitability of economic operation.
In 2003, a suspected case of mad cow disease was found in the United States, which was originally an ordinary trivial matter, but it was this "unlucky mad cow" that flapped the wings of a butterfly. Naturally, the US beef industry with a total output value of over US$ 654.38+070 billion and its accompanying nearly/kloc-0.5 million jobs will bear the brunt. Corn and soybeans, which are essential feeds for cattle raising, were also affected quickly, and futures prices plummeted. However, what ultimately pushed the loss of this incident to the abyss was the loss of American consumers' panic confidence in beef products. In today's globalization, the spread of panic has not only dealt a fatal blow to the domestic catering industry in the United States, but also spread to the whole world. At least a dozen countries have declared an emergency ban on the import of American beef. It is said that this incident also led to the closure of western restaurants in some parts of China.
Let's look at another example that is closer to our daily life. At the end of 20 12, the price of edible oil in China suddenly rose, and several major edible oil brands such as Fulinmen, Arowana and Lu Hua raised the sales prices of their soybean oil, peanut oil and other edible oils. The reason for the price increase of edible oil should start from the other side of the globe. South American soybean producing areas, represented by Brazil and Argentina, suddenly announced the forecast of soybean production reduction in the coming year, which directly led to the continuous rise of soybean commodity prices in the international futures market. Because China's climatic conditions and water resources conditions are not suitable for large-scale cultivation of soybean crops such as soybeans and peanuts, about 80% of soybeans and peanuts in China depend on imports. The increase in the price of imported raw materials directly leads to a substantial increase in the production cost of edible oil, and the increase in terminal prices is also reasonable. Because of the just-needed property of edible oil, the daily life of ordinary people will be affected to some extent after the price increase.