Document / Publication
World Economic Forum (WEF)
This report highlights how global risks are not only interconnected but also have systemic impacts. It features the failure of climate change mitigation and adaptation, and the greater incidence of extreme weather events (e.g. floods, storms, fires), in 5th and 6th position among the ten global risks of highest concern in 2014. The report argues that, in order to manage global risks effectively and build resilience to their impacts, better efforts are needed to understand, measure and foresee the evolution of interdependencies between risks, supplementing traditional risk-management tools with new concepts designed for uncertain environments.
It considers that the world faces risks that can be addressed only by long-term thinking and collaboration among business, governments and civil society. It aims to support this process by: (i) exploring the nature of systemic risks; (ii) mapping 31 global risks according to the level of concern they arouse, their likelihood and potential impact, as well as the strength of the interconnections between them; (iii) looking in-depth at the ways in which three constellations of global risk – centred on youth, cyberspace and geopolitics – could interplay and have systemic impact.