GLOBAL RISK REPORT

  • January 20, 2021
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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GLOBAL RISK REPORT

Subject: International Report

Context: The report, released ahead of the virtual ‘Davos Agenda’ summit of the WEF from January 25-29 that would be attended by Prime Minister Modi among other global leaders.

Concept:

  • The (16th edition) report was released by World economic forum and it is a part of it’s global risk initiative.
  • It has said that the world needs to wake up to long-term risks, after witnessing in 2020 the catastrophic effects of ignoring long-term risks such as pandemics, which is now an immediate risk.
  • The 16th edition of Global Risks Report analyses the risks from societal fractures—manifested through persistent and emerging risks to human health, rising unemployment, widening digital divides, youth disillusionment, and geopolitical fragmentation.
  • Businesses risk a disorderly shakeout which can exclude large cohorts of workers and companies from the markets of the future. Environmental degradation—still an existential threat to humanity—risks intersecting with societal fractures to bring about severe consequences.
GLOBAL RISK REPORT International Report