According to the 10th Global Risks 2015 report published by the World Economic Forum (WEF) on Jan. 15, the biggest threat to world stability in the next 10 years is the risk of international conflict. A quick scan of the current news channels and newspaper headlines confirms that finding.
Each year, experts assess the top global risks in terms of likelihood and potential impact over the coming 10 years. For 2015, the experts identified the No. 1 global risk in terms of likelihood, and fourth most serious risk in terms of impact, as interstate conflict with regional consequences. In terms of potential impact, the nearly 900 experts participating in the Global Risk Perception Survey rated water crises as the greatest risk facing the world. These water crises include the effect of droughts and flooding around the world.
The 28 global risks that were assessed for the report were grouped into five categories: economic, environmental, geopolitical, societal and technological. The report also focuses on three specific cases that became apparent from the interconnections maps: the interplay between geopolitics and economics, the risks related to rapid and unplanned urbanization in developing countries and the effects of emerging technologies.
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
