Unintended consequences evident in the crisis I am sure many of you have heard of the term “law of unintended consequences”. Some have defined this as “the proposition that every undertaking, however well-intentioned, is generally accompanied by unforeseen repercussions that can overshadow the principal intention.” Let me illustrate, continuing with my road analogy.
In road development, one option to deal with a traffic-congested road is to build a bypass or an alternate road. Unfortunately, building a bypass may decongest the existing road, but as often happens, with new developments in the area of the bypass, we would now have, instead of just one congested road, two traffic congestions.