Global Risks 2011, Sixth Edition reveals insights stemming from an unparalleled effort on the part of the World Economic Forum to analyse the global risk landscape in the coming decade.
The Global Risks Barometer presents an overview of each of the 37 risks examined in Global Risks 2011, Sixth Edition. The barometer displays selected influencing factors and global impacts, as well as the perceived likelihood and impact of each risk. The influencing factors and global impacts were identified and refined during 18 workshops involving experts in each of the following fields: economic, geopolitical, societal, environmental and technological. The risk perception characteristics, which include collective assessments of each risk’s likelihood and severity, are drawn from the Forum’s Global Risks Survey 2010, which included responses from 580 leading experts and decision-makers
The Global Risks Barometer presents an overview of each of the 37 risks examined in Global Risks 2011, Sixth Edition. The barometer displays selected influencing factors and global impacts, as well as the perceived likelihood and impact of each risk. The influencing factors and global impacts were identified and refined during 18 workshops involving experts in each of the following fields: economic, geopolitical, societal, environmental and technological. The risk perception characteristics, which include collective assessments of each risk’s likelihood and severity, are drawn from the Forum’s Global Risks Survey 2010, which included responses from 580 leading experts and decision-makers
Global Risk Landscape 2011, Chart indicates likelihood on an event and cost
Cross-cutting global risks
Economic disparity and global governance failures
Two risks are especially significant given their high degrees of impact and interconnectedness. Economic disparity and global governance failures both influence the evolution of many other global risks and inhibit our capacity to respond effectively to them.
Risks in focus 1
The macroeconomic imbalances nexus
The report’s first nexus analyzed in depth consists of a cluster of three economic risks – global imbalances and currency volatility, fiscal crises and asset price collapse – and is characterized by both internal imbalances (within countries) and external imbalances (between countries)
Risks in focus 2
The illegal economy nexus
Illicit trade, organized crime and corruption are chronic risks that are perceived as highly likely to occur and of medium impact to experts interviewed for the report. As a highly interconnected nexus representing the illegal economy, however, experts see these risks as of central importance to the global risk landscape. Both Global Risks Survey data and expert interviews suggest that this nexus heavily influences three other important global risks – fragile states, terrorism and geopolitical conflict– which, in turn, have a significant and negative impact on global stability
The water-food-energy nexus
Water security, food security and energy security are chronic impediments to economic growth and social stability. These are tighly interrelated: food production requires water and energy; water extraction and distribution requires energy; and energy production requires water. Food prices are also highly sensitive to the cost of energy inputs through fertilizers, irrigation, transport and processing.
Source:
World Economic Forum
http://riskreport.weforum.org/
http://riskreport.weforum.org/barometers-2011.pdf
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