Global Risks Report 2022
- January 14, 2022
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Global Risks Report 2022
Topic: Reports and indices
Context:
Recently, The Global Risks Report 2022, an annual report, is been released by the World Economic Forum.
Concept:
- The annual report was based on a survey of 1,000 global experts and leaders in business, government and civil society on their perception of long-term risks to the world.
- Views of over 12,000 leaders from 124 countries who identified their national short-term risks were also analyzed.
- It tracks global risk perceptions among risk experts and world leaders in business, government, and civil society.
Findings of the report:
- The highest number of respondents thought climate action failure and extreme weather events will be the world’s biggest risks in the next five and 10 years as well, the report showed.
- “Social cohesion erosion”, “livelihood crises” and “mental health deterioration” are three of the five risks seen as the most concerning threats to the world in the next two years.
- Apart from this, it has significantly contributed to “debt crises”, “cybersecurity failures”, “digital inequality” and “backlash against science”.
- “Extreme weather” and “climate action failure”—appear as top risks in the short-,medium-and long-term outlooks.
- Governments, businesses, and societies are facing increasing pressure to transition to net-zero economies.
- Artificial intelligence, space exploitation, cross-border cyberattacks and misinformation and migration and refugees were rated as the top areas of international concerns.
- Growing insecurity in the forms of economic hardship, worsening impacts of climate change and political persecution will force millions to leave their homes in search of a better future.
- The prospect of 70,000 satellite launches in coming decades, in addition to space tourism, raises risks of collisions and increasing debris in space, amid a lack of regulation.
- The global economic gap will widen by 2024, when the developing countries will have fallen 5.5 per cent below their pre-pandemic expected GDP growth and advanced economies would have surpassed the same by almost 0.9 per cent.