Risk Cases and Resilience
Global Risks Report 2013 - Lee Howell
Global Risks Report 2013 - Chiemi Hayashi
Global Risks Report 2013 - David Cole (Swiss Reinsurance Company)
Global Risks Report 2013 - John Drzik (Wyman Group)
Global Risks Report 2013 - Axel Lehmann (Zurich Insurance Group)
Ian Bremmer - The Geo-political Landscape
In an interdependent, fast-moving world, organizations are increasingly confronted by risks that are complex in nature and global in consequence. Such risks can be difficult to anticipate and respond to, even for the most seasoned business leaders.
The World Economic Forum’s Risk Response Network provides leaders from the private and public sectors with an independent platform to map, monitor and mitigate global risks.
Its annual Global Risks Report analyses the perceived impact and likelihood of 50 prevalent global risks over a ten year time horizon. The 50 global risks are divided into five categories: economic, environmental, geopolitical, societal and technological risks. Significant interconnections of global risks are analysed as major case studies in the report.
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This year’s findings show that the world is more at risk as persistent economic weakness saps our ability to tackle environmental challenges. The report highlights wealth gaps (severe income disparity) followed by unsustainable government debt (chronic fiscal imbalances) as the top two most prevalent global risks. Following a year scarred by extreme weather, from Hurricane Sandy to flooding in China, respondents rated rising greenhouse gas emissions as the third most likely global risk overall. The findings of the survey fed into an analysis of three major risk cases: Testing Economic and Environmental Resilience, Digital Wildfires in a Hyperconnected World and The Dangers of Hubris on Human Health. In a special report on national resilience, the groundwork is laid for a new country resilience rating, which would allow leaders to benchmark their progress. The report also highlights “X Factors” – emerging concerns which warrant more research, including the rogue deployment of geoengineering and brain-altering technologies.
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Economic imbalances and social inequality risk reversing the gains of globalization, warns the World Economic Forum in its report Global Risks 2012, Seventh Edition. These are 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 findings of the survey fed into an analysis of three major risk cases: Seeds of Dystopia; Unsafe Safeguards and the Dark Side of Connectivity. The report analyses the top 10 risks in five categories - economic, environmental, geopolitical, societal and technological - and 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 World Economic Forum’s Global Risks 2011, Sixth Edition has identified economic disparity and global governance failures as central risks in the global risk landscape, exacerbating and driving a range of other risks.
The report identifies economic imbalances and unfunded liabilities as containing the seeds of potential future fiscal and financial crises and urges concerted coordinated action to manage them.
The Global Risks Report 2010 features numerous warnings of the long shadow of the financial crisis. The result of extensive input throughout the previous year by experts from business, academia, and the public sector, Global Risks 2010 highlights a number of slow-moving risks exacerbated by the financial crisis and global economic downturn, and stresses the continued need to further enhance global resilience to risks. Global governance gaps, an issue already to the fore in Global Risks 2009, continues to be at the nexus of global risks and the need for coordinated global action is increasingly urgent.