World Economic Forum - Global Risks 2012 - Seventh Edition
Economic imbalances and social inequality risk reversing the gains of
globalization, warns the World Economic Forum in its report Global Risks
2012. These are the findings of a survey of 469 experts and industry
leaders, indicating a shift of concern from environmental risks to
socioeconomic risks compared to a year ago. Respondents worry that
further economic shocks and social upheaval could roll back the progress
globalization has brought, and feel that the world’s institutions are
ill-equipped to cope with today’s interconnected, rapidly evolving
risks. The findings of the survey fed into an analysis of three major
risk cases: Seeds of Dystopia; Unsafe Safeguards and the Dark Side of
Connectivity. The report analyses the top 10 risks in five categories -
economic, environmental, geopolitical, societal and technological - and
also highlights "X Factor" risks, the wild card threats which warrant
more research, including a volcanic winter, cyber neotribalism and
epigenetics, the risk that the way we live could have harmful,
inheritable effects on our genes. Key crisis management lessons from
Japan’s earthquake, tsunami and nuclear disasters are highlighted in a
special chapter.
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