According to the authors of the 2022 annual Global Risks Perception Survey
This year’s Global Risks Report raises alarm bells for threats that can no longer be eclipsed by COVID-19. A climate crisis and growing social upheaval are two of the dominant risks explored in this report, which, like its predecessors, examines the emerging and evolving risks confronting the world over the next 10 years. Show Make no mistake, the report’s authors emphasize the continuing adverse impacts of the pandemic, now in its third year, which have directly or indirectly influenced many of the leading economic and societal risks. All of this turbulence, including the lingering pandemic, has helped fuel the fear by most experts that a global economic recovery will be volatile and uneven over the next three years. Nonetheless, climate concerns — notably extreme weather, climate action failure and biodiversity loss — dominate the report’s Global Risks Perception Survey (GRPS) of short-, medium- and long-term top 10 risks as well as its top 10 list of global risks by severity. (The survey of 1,000 global risk experts and leaders serves as the foundation of the larger report.) In addition, the report also warns of increasing societal divides, created by myriad events. “Preventing the world from drifting apart will be decisive to restoring trust and marshalling ever-so-crucial cooperation within societies and between countries,” the authors write, and their call for global consensus and collaborative leadership is a theme that runs throughout the report. The Global Risks Report 2022 breaks down the interconnected and often competing risks confronting the planet by focusing a targeted lens on challenges the world cannot afford to ignore, including:
This year’s edition also includes an international roundup, gathered through WEF’s Executive Opinion Survey, of 12,000 respondents from 124 countries who identify what they view as critical short-term risks. The Global Risks Report 2022 closes with the authors citing the positive lessons in resilience the world has gleaned from the pandemic. The COVID-19 crisis necessitated collaboration and communication on an international scale, not only between governments but also businesses and communities. These lessons in resilience offer an example to the running theme throughout the report, that a coordinated global response to all of the challenges facing the planet, one that takes a long-term view in managing risk, is imperative. Zurich is proud to be a strategic partner with the World Economic Forum in the development of The Global Risks Report 2022, which is designed to identify, understand and navigate the ever-changing risk landscape. Strategic partners also include Marsh McLennan and SK Group, as well as academic advisers at the Oxford Martin School (University of Oxford), the National University of Singapore and the Wharton Risk Management and Decision Processes Center (University of Pennsylvania). What is the Global Risks Report 2022?Global Risks Report is an annual report published by the World Economic Forum. The latest edition i.e. the 2022 report was published recently which contains findings of the previous year i.e of the year 2021. The topic has a high probability of being asked as a Current Affairs Question in IAS Prelims.
What is Global Risks Perception Survey?The Global Risks Perception Survey (GRPS) is the World Economic Forum's source of original risks data, harnessing the expertise of the Forum's extensive network of academic, business, government, civil society, and thought leaders.
What is India's rank in global risk Report 2022?From the 168th position in 2020, India's rank deteriorated to 177th position in 2021 and in 2022 it became one of the worst-performing nations in the realm of “environmental health, protecting ecosystem vitality and mitigating climate change” and ranked at the bottom in the overall list.
Who topped global risk Report 2022?Global Risks Report 2022: Key points
Top global risks: Climate crisis, growing social divides, heightened cyber risks and uneven global recovery, as the coronavirus pandemic lingers on, are the top global risks over the next 10 years.
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