World Economic Forum:10 Risks Affecting the World Today
Economic imbalances and social inequality risk reversing the gains of
globalization according to 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 Global Risks 2012 report of the World Economic Forum (www.weforum.org) analyses the top 10 risks in five categories – economic, environmental, geopolitical, societal and technological.
The report 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.
The report can be read in its entirety here.
Why spend time surfing the internet looking for informative and well-written articles on the health of the economies of the U.S., Canada and Europe; the development and implications of the world’s financial crisis and the various investment opportunities that present themselves related to commodities (gold and silver in particular) and the stock market when we do it for you. We assess hundreds of articles every day, identify the best and then post edited excerpts of them to provide you with a fast and easy read.
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Related Articles:
1. IMF Begs Policymakers to Prevent World Economy From Falling into a 1930s-style Death Spiral!
The International Monetary Fund (IMF) painted a stark picture of the global economy this week slashing the outlook for world growth while forecasting a damaging recession in Europe that will leave no country, including Canada and the U.S., unscathed. The report stated that financial conditions have deteriorated, growth prospects have dimmed, and downside risks have escalated and, as such, policymakers must immediately move forward together to save the world economy from falling into a 1930s-style death spiral because the longer corrective action is put off the worse it will actually get. Words: 640
Decisive policies must be urgently put in place to stop the euro area sovereign debt crisis from spreading and to put weakening global activity back on track. [If not we can expect to see a] massive escalation in economic disruption, an increase in the risk of a credit crunch [and] the global economy tipping into a recession. Words: 834
3. Bank of Canada Report Suggests Economic Situation is Dire and Could Deteriorate Rapidly!
One typically doesn’t look to government bureaucracies to receive hard-nosed, objective discussions on the economy so you can magine my surprise when the latest Financial System Review, published semi-annually by the Bank of Canada, landed in my inbox and I discovered that it contained a very sobering look at Canada’s economy and the many systemic risks the country is facing! It’s not surprising that this report was not picked up by the main stream news, because if they did the popular opinion of Canada’s invincible, recession-proof economy might begin to crumble. [Let me explain.] Words: 2400
4. Where Is This Unprecedented Global Financial Crisis Headed? A Retrospective from Alf Field
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5. Canadian Government Claims “All’s Well” at Home but Calls Europe’s Debt Woes “Dire”
In a speech to the Canadian Club in Toronto this past week Canada’s Finance Minister Jim Flaherty urged European leaders to find a solution to their debt crisis as it has spread beyond the eurozone and into credit markets worldwide creating a “dire and pressing problem” that threatens the rest of the world with possible “social unrest and instability”. Words: 870
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Posted by Editor on Jan 23 2012, With 0 Reads, Filed under Economy. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.
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