These Are the Biggest Risks the World Faces in the Next 10 Years
Global Risk Report published annually by World Economic Forum highlights key risks originating across five categories – Economic, Environment, Geopolitical, Societal and Technological.
Top 5 Global risks over the next ten years:
- Climate Action Failure
- Extreme Weather
- Biodiversity Loss
- Social Cohesion Erosion (lack of belief in the people that they share a moral community that enable them to trust each other)
- Livelihood crisis
- Vaccine inequality – Poorest 52 countries only have 6% vaccination.
- Uneven economic recovery. Fall in GDP and economic stagnation.
- Increase in cybersecurity threats due to growing dependence on digital systems.
- Climate refugees are estimated to be 200 million by 2050 due to climate change.
- Space emerging as a new frontier – Five new government developed space stations by 2030.
- Increased pressure to achieve net-zero emissions will put millions out of jobs. It may trigger societal and geopolitical tensions.
- “Social cohesion erosion”, “livelihood crises”, and “mental health deterioration” are concerning threats to the world in the next two years.
- Increase in income disparities.
- Increase in resentment within society as well as polarisation.
- Demand shocks and workers migration in search of a better future.
- Space tourism raises risks of collisions and increasing debris in space amid a lack of regulation.
Some reports published by WEF are:
- Energy Transition Index
- Global Competitiveness Report
- Global IT Report – WEF, INSEAD, and Cornell University publish it
- Global Gender Gap Report
- Global Risk Report
- Global Travel and Tourism Report
All about World Economic Forum (WEF) – Here