Wednesday , 17 April 2024

World Economic Forum:10 Risks Affecting the World Today

Economic imbalances and social inequality risk reversing the gains of globalization according to the findings of a survey of 469 experts and industry leaders, indicating a shift of concern from environmental risks to socioeconomic risks compared to a year ago. Respondents worry that further economic shocks and social upheaval could roll back the progress globalization has brought, and feel that the world’s institutions are ill-equipped to cope with today’s interconnected, rapidly evolving risks.

The Global Risks 2012 report of the World Economic Forum ( analyses the top 10 risks in five categories – economic, environmental, geopolitical, societal and technological.

The report also highlights “X Factor” risks, the wild card threats which warrant more research, including a volcanic winter, cyber neotribalism and epigenetics, the risk that the way we live could have harmful, inheritable effects on our genes.

Key crisis management lessons from Japan’s earthquake, tsunami and nuclear disasters are highlighted in a special chapter.

The report can be read in its entirety here.

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5. Canadian Government Claims “All’s Well” at Home but Calls Europe’s Debt Woes “Dire”

Canadian flag

In a speech to the Canadian Club in Toronto this past week Canada’s Finance Minister Jim Flaherty urged European leaders to find a solution to their debt crisis as it has spread beyond the eurozone and into credit markets worldwide creating a “dire and pressing problem” that threatens the rest of the world with possible “social unrest and instability”. Words: 870