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- Permanent Link:
- http://dpanther.fiu.edu/dpService/dpPurlService/purl/FI13022786/00001
Notes
- Summary:
- This document is a report from the World Economic Forum which examines global risks from a current and historical perspective. The report discusses and analyzes the findings of a survey of 469 experts from industry, government, academia and civil society that examines 50 global risks across five categories: economic, environmental, geopolitical, societal and technological. It aims to help decision-makers evaluate complex risk events and to respond proactively in times of crisis. With the complexity and velocity of change across every sector of society in an increasingly interdependent world, the signals for the decade ahead are already apparent. The rebalancing of the global economy, the presence of over seven billion people, and the societal and environmental challenges linked to both, require us to explore and develop new conceptual models to address global challenges. The three major risk cases identified in the survey are: seeds of dystopia, unsafe safeguards, and the dark side of connectivity. For each of the cases, risk constellations and potential impacts, trends and uncertainties, key insights, and questions for stakeholders are presented. The center of gravity, or the most systemically important risk for each of the five risk categories identified in the survey, are: chronic fiscal imbalances (economic), greenhouse gas emissions (environmental), global governance failure (geopolitical), unsustainable population growth (societal), and critical systems failure (technological). The report also looks ahead to “X Factors,” which require further research. The notion of a volcanic winter, epigenetics and mega-accidents are some “X factors” requiring future consideration. A special chapter features a review of the important lessons learned from the 2011 Japan earthquake, tsunami, and subsequent nuclear crisis at Fukushima. Japanese reports focus on the role of leadership, the challenges to effective communication in an information age, and the importance of resilient business models in response to crises of unforeseen magnitude. The report warns of potentially reversing the gains of globalization due to economic imbalance and social inequality. It concludes that decision-makers need to improve their understanding of incentives that will improve collaboration in response to global risks. Trust, or lack of trust, is perceived to be a crucial factor in how risks may manifest themselves. Thus communication and information sharing on risks must be improved by introducing greater transparency. ( English,English )
- Subject:
- Disaster Risk Management
- Citation/Reference:
- (2012). Global risks 2012, seventh edition: an initiative of the risk response network. World Economic Forum (WEF)
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