World Economic Forum
Overview: Over the past decade, The Global Risks Report has expanded its scope from analysing the interconnected and rapidly evolving nature of global risks to also putting forward actionable solutions and calling for publicprivate collaboration in strengthening resilience. Now in its 11th edition, the Report describes a world in which risks are becoming more imminent and have wide-ranging impact: tensions between countries affect businesses; unresolved, protracted crises have resulted in the largest number of refugees globally since World War II; terrorist attacks take an increasing toll on human lives and stifle economies; droughts occur in California and floods in South Asia; and rapid advances in technologies are coupled with evergrowing cyber fragilities and persistent unemployment and underemployment.
Implications of sweeping digitization (also termed the “Fourth Industrial Revolution”), ranging from transformations that are the result of rising cyber connectivity to the potential effects of innovations on socioeconomic equality and global security, remain far from fully understood. At the same time, climate change is unequivocally happening, and there is no turning back time.
