Post by account_disabled on Mar 4, 2024 2:08:22 GMT -5
The COVID-19 pandemic is a milestone that has transformed humanity, its effects, consequences and development continue to be visible with the multiple variants of the original strain. In this context, knowing the risks that humanity faces is essential, therefore, below we present the 6 key points of the 2022 Global Risks Report.
The World Economic Forum's Global Risks Report has been published annually since 2006 , and recently it was the turn of the seventeenth edition , whose scope is for the next 10 years.
The Report is more than just a global warning, it is the identification of global risks, as well as strategic actions that can be taken to mitigate or eliminate those risks. We share the keys to the 2022 Global Risks Report!
Who promotes the Report?
This Report is promoted by the World Chile Mobile Number List Economic Forum – an international non-governmental organization – that involves the main political, commercial, cultural and social leaders to shape global, regional and industrial agendas.
Marsh McLennan, SK Group and Zurich Insurance Group participated, as well as academics from the National University of Singapore, Oxford University and the University of Pennsylvania.
For 2022, there was the opinion of more than 12,000 national leaders who identified critical short-term risks for their 124 countries. The information was collected through the World Economic Forum Executive Opinion Survey.
In addition, the Global Risk Report presents the Global Risk Perception Survey (GRPS) that analyzes key risks to improve tensions on issues: economic, social, environmental and technological.
What are Global Risks and how is this Report made?
According to the World Economic Forum, a global risk "is the possibility that an event will occur or, if it occurs, could cause a negative impact for several countries or industries."
One of the keys to the 2022 Global Risks Report lies in understanding that the World Economic Forum has identified 37 risks that were reviewed and, where appropriate, modified to expand the new forms of risks. However, the fundamental concept of risk remained constant, focused on themes:
Economical.
Social.
Environmental.
Geopolitics.
Technological.
key risks of the 2022 Global Risks Report
One of the inputs of this Report is the Global Risk Perception Survey, which was made up of the following sections:
COVID-19 Hindsight and Perspective : Asks respondents to provide an opinion on how the COVID-19 pandemic exacerbated risks. This opinion makes it easier to project your points of view beyond the health crisis. The section allows for an analysis of how individual contexts may influence global risk perceptions and the perceived status of mitigation efforts.
Global risk horizon: Asks respondents to have an opinion on the risks in the short term (0 to 2 years), medium term (2 to 5 years) and long term (5 to 10 years), also capturing the sense about global risks.
Global Risk Severity: Asks to rank the potential damage from a global risk over the next 10 years and reminds respondents to consider multiple criteria, including human suffering, social disruption, economic impact, environmental degradation and instability policy.
Effects of global risks : Encourages a holistic view of global risks, as risks are not isolated, but rather affect and amplify each other through negative feedback loops.
Global Governance – International Risk Mitigation Efforts: Asks respondents to assess the current state of international mitigation efforts in 15 areas of global governance.
Open questions : Complement risk identification with a series of questions to detect blind spots, trends and shocks.
key planet from the 2022 Global Risks Report
6 keys to the 2022 Global Risks Report
Now, the keys to the 2022 Global Risks Report focus on the identification of risks, disordered climate transition, digital dependence and cyber vulnerabilities, migration barriers, funding and spatial competition, and resilience. Each of these points is detailed below.
1. Identification of Global Risks 2022
Only 11% of respondents to the Global Risk Perception Survey believe that there may be an accelerated global recovery in the next three years, and only 3.7% were optimistic about the global outlook for the near future.
The report highlights the concern that the effects of the COVID-19 crisis have on mental health, one of the risks that has grown the most. The economic consequences also influence identifying the keys to the 2022 Global Risks Report, among them are the 10 most severe Global Risks within the next 10 years:
Failure of climate action.
Extreme weather.
Loss of biodiversity.
Erosion of social cohesion.
Subsistence crisis.
Infectious diseases.
Environmental damage.
Natural resources crisis.
Debt crisis.
Geoeconomic confrontation.
In particular, the erosion of social cohesion is the risk that has grown the most, in 31 of the 124 countries surveyed, including Argentina, France, Germany, Mexico and South Africa. This risk was seen as one of the top 10 short-term threats.
2. Disorderly climate transition
Another of the keys of the 2022 Global Risk Report is about the climate and is that in the most favorable scenarios, at this point for 2100, 1.8 degrees is reached, which exceeds the 1.5 of the Paris Agreement and COP26, and in the worst scenarios this figure reaches 3.6 degrees, more than double what the Earth needs.
Without stronger action, the global capacity to mitigate and adapt will be diminished, eventually leading to a situation of too little, too late and, ultimately, a global greenhouse scenario with runaway climate change that makes the world is almost uninhabitable.
Global Risk Report 2022.
climate keys from the 2022 Global Risks Report
Therefore, it is vital that all interested groups pay special attention and take actions to make innovative, determined and inclusive management for a climate transition with the aim of minimizing negative effects and maximizing adaptation opportunities.
3. Digital dependency and cyber vulnerabilities
A palpable reality is that governments, societies and companies increase their use of technology, and migrate to the digital system today, from public services to business processes are managed within the web.
This situation has increased other risks such as cybercrime, in fact the failure in cybersecurity was one of the risks that are increasing. For example, the Report points out that cybercriminals cloned the voice of a director of a company that authorized a transfer of 35 million dollars.
key cybersecurity from the 2022 Global Risks Report
Furthermore, 40% of the world's population is not yet connected to the Internet and among the most vulnerable are those who are just getting connected. These people are already facing inequalities in digital security, which will only widen with the arrival of Web3.0 and the Metaverse.
Even in advanced countries there are vulnerable populations who also tend to be at greater digital risk, which even damages mental health. For example, after detecting unauthorized access, 52% of respondents report feeling angry, while 41% feel vulnerable.
In that sense, in a deeply connected society, digital trust is the key that facilitates innovation and prosperity. Reliable technologies represent the foundation on which a just and cohesive society is built.
keys to the 2022 Global Risks Report
Therefore, unless action is taken to improve digital trust with intentional and persistent trust-building initiatives, the digital world will continue to drift towards fragmentation and the promise of one of the most dynamic eras of human progress could be lost.
4. Migration barriers
Another of the keys to the 2022 Global Risks Report is migration, especially because during the last decade, the number of international migrants has grown constantly: from 221 million people in 2010 to 281 million in 2020.
Despite the deep fear and phobia of migration, it is observed that although the majority of cross-border migration takes place between low- and middle-income countries, 83% of non-migrant residents in the 22 richest countries of the Organization for The Economic Cooperation and Development (OECD) have achieved net economic benefits from the influx of migrants.
A major cause of migration is climate change which displaces people directly due to natural disasters. Furthermore, the inability to adapt to or mitigate the impacts of climate change threatens to make certain highly populated parts of the world uninhabitable.
key migration from the 2022 Global Risks Report
Migration offers opportunities, but also implies challenges for countries of origin, corridor and destination. Leaders have the opportunity to jointly identify where new bridges can be built for mutual benefit.
Reducing the risks of migration will require establishing more efficient and orderly channels, including coherent legal and policy frameworks, cross-border cooperation and alignment.
The global community could also build goodwill across geopolitical divides by strengthening collaborative mechanisms for refugee admissions.
5. Funding and space competition
The space race has had financing for years, to highlight one fact, in 2018 this investment exceeded more than 600 billion dollars and although initially the investment was public, during the last decade it was the private sector that invested more in this area.
In this space competition, approximately 11,000 satellites have been launched since Sputnik 1 in 1957, but 70,000 more could enter orbit in the coming decades if the proposed plans are met.
Most of these planned and approved new satellites will be launched by a handful of operators who will have increasing influence over the regulatory landscape.
The World Economic Forum's Global Risks Report has been published annually since 2006 , and recently it was the turn of the seventeenth edition , whose scope is for the next 10 years.
The Report is more than just a global warning, it is the identification of global risks, as well as strategic actions that can be taken to mitigate or eliminate those risks. We share the keys to the 2022 Global Risks Report!
Who promotes the Report?
This Report is promoted by the World Chile Mobile Number List Economic Forum – an international non-governmental organization – that involves the main political, commercial, cultural and social leaders to shape global, regional and industrial agendas.
Marsh McLennan, SK Group and Zurich Insurance Group participated, as well as academics from the National University of Singapore, Oxford University and the University of Pennsylvania.
For 2022, there was the opinion of more than 12,000 national leaders who identified critical short-term risks for their 124 countries. The information was collected through the World Economic Forum Executive Opinion Survey.
In addition, the Global Risk Report presents the Global Risk Perception Survey (GRPS) that analyzes key risks to improve tensions on issues: economic, social, environmental and technological.
What are Global Risks and how is this Report made?
According to the World Economic Forum, a global risk "is the possibility that an event will occur or, if it occurs, could cause a negative impact for several countries or industries."
One of the keys to the 2022 Global Risks Report lies in understanding that the World Economic Forum has identified 37 risks that were reviewed and, where appropriate, modified to expand the new forms of risks. However, the fundamental concept of risk remained constant, focused on themes:
Economical.
Social.
Environmental.
Geopolitics.
Technological.
key risks of the 2022 Global Risks Report
One of the inputs of this Report is the Global Risk Perception Survey, which was made up of the following sections:
COVID-19 Hindsight and Perspective : Asks respondents to provide an opinion on how the COVID-19 pandemic exacerbated risks. This opinion makes it easier to project your points of view beyond the health crisis. The section allows for an analysis of how individual contexts may influence global risk perceptions and the perceived status of mitigation efforts.
Global risk horizon: Asks respondents to have an opinion on the risks in the short term (0 to 2 years), medium term (2 to 5 years) and long term (5 to 10 years), also capturing the sense about global risks.
Global Risk Severity: Asks to rank the potential damage from a global risk over the next 10 years and reminds respondents to consider multiple criteria, including human suffering, social disruption, economic impact, environmental degradation and instability policy.
Effects of global risks : Encourages a holistic view of global risks, as risks are not isolated, but rather affect and amplify each other through negative feedback loops.
Global Governance – International Risk Mitigation Efforts: Asks respondents to assess the current state of international mitigation efforts in 15 areas of global governance.
Open questions : Complement risk identification with a series of questions to detect blind spots, trends and shocks.
key planet from the 2022 Global Risks Report
6 keys to the 2022 Global Risks Report
Now, the keys to the 2022 Global Risks Report focus on the identification of risks, disordered climate transition, digital dependence and cyber vulnerabilities, migration barriers, funding and spatial competition, and resilience. Each of these points is detailed below.
1. Identification of Global Risks 2022
Only 11% of respondents to the Global Risk Perception Survey believe that there may be an accelerated global recovery in the next three years, and only 3.7% were optimistic about the global outlook for the near future.
The report highlights the concern that the effects of the COVID-19 crisis have on mental health, one of the risks that has grown the most. The economic consequences also influence identifying the keys to the 2022 Global Risks Report, among them are the 10 most severe Global Risks within the next 10 years:
Failure of climate action.
Extreme weather.
Loss of biodiversity.
Erosion of social cohesion.
Subsistence crisis.
Infectious diseases.
Environmental damage.
Natural resources crisis.
Debt crisis.
Geoeconomic confrontation.
In particular, the erosion of social cohesion is the risk that has grown the most, in 31 of the 124 countries surveyed, including Argentina, France, Germany, Mexico and South Africa. This risk was seen as one of the top 10 short-term threats.
2. Disorderly climate transition
Another of the keys of the 2022 Global Risk Report is about the climate and is that in the most favorable scenarios, at this point for 2100, 1.8 degrees is reached, which exceeds the 1.5 of the Paris Agreement and COP26, and in the worst scenarios this figure reaches 3.6 degrees, more than double what the Earth needs.
Without stronger action, the global capacity to mitigate and adapt will be diminished, eventually leading to a situation of too little, too late and, ultimately, a global greenhouse scenario with runaway climate change that makes the world is almost uninhabitable.
Global Risk Report 2022.
climate keys from the 2022 Global Risks Report
Therefore, it is vital that all interested groups pay special attention and take actions to make innovative, determined and inclusive management for a climate transition with the aim of minimizing negative effects and maximizing adaptation opportunities.
3. Digital dependency and cyber vulnerabilities
A palpable reality is that governments, societies and companies increase their use of technology, and migrate to the digital system today, from public services to business processes are managed within the web.
This situation has increased other risks such as cybercrime, in fact the failure in cybersecurity was one of the risks that are increasing. For example, the Report points out that cybercriminals cloned the voice of a director of a company that authorized a transfer of 35 million dollars.
key cybersecurity from the 2022 Global Risks Report
Furthermore, 40% of the world's population is not yet connected to the Internet and among the most vulnerable are those who are just getting connected. These people are already facing inequalities in digital security, which will only widen with the arrival of Web3.0 and the Metaverse.
Even in advanced countries there are vulnerable populations who also tend to be at greater digital risk, which even damages mental health. For example, after detecting unauthorized access, 52% of respondents report feeling angry, while 41% feel vulnerable.
In that sense, in a deeply connected society, digital trust is the key that facilitates innovation and prosperity. Reliable technologies represent the foundation on which a just and cohesive society is built.
keys to the 2022 Global Risks Report
Therefore, unless action is taken to improve digital trust with intentional and persistent trust-building initiatives, the digital world will continue to drift towards fragmentation and the promise of one of the most dynamic eras of human progress could be lost.
4. Migration barriers
Another of the keys to the 2022 Global Risks Report is migration, especially because during the last decade, the number of international migrants has grown constantly: from 221 million people in 2010 to 281 million in 2020.
Despite the deep fear and phobia of migration, it is observed that although the majority of cross-border migration takes place between low- and middle-income countries, 83% of non-migrant residents in the 22 richest countries of the Organization for The Economic Cooperation and Development (OECD) have achieved net economic benefits from the influx of migrants.
A major cause of migration is climate change which displaces people directly due to natural disasters. Furthermore, the inability to adapt to or mitigate the impacts of climate change threatens to make certain highly populated parts of the world uninhabitable.
key migration from the 2022 Global Risks Report
Migration offers opportunities, but also implies challenges for countries of origin, corridor and destination. Leaders have the opportunity to jointly identify where new bridges can be built for mutual benefit.
Reducing the risks of migration will require establishing more efficient and orderly channels, including coherent legal and policy frameworks, cross-border cooperation and alignment.
The global community could also build goodwill across geopolitical divides by strengthening collaborative mechanisms for refugee admissions.
5. Funding and space competition
The space race has had financing for years, to highlight one fact, in 2018 this investment exceeded more than 600 billion dollars and although initially the investment was public, during the last decade it was the private sector that invested more in this area.
In this space competition, approximately 11,000 satellites have been launched since Sputnik 1 in 1957, but 70,000 more could enter orbit in the coming decades if the proposed plans are met.
Most of these planned and approved new satellites will be launched by a handful of operators who will have increasing influence over the regulatory landscape.