Which global threats keep you awake at night? And how can you be sure they’ll be the ones that will affect your life and your business? Every year, the World Economic Forum investigates the potential crises that could cause the greatest damage to economies and industries. By considering not just the impact of these threats but also their likelihood, the authors of this year’s study wisely downplay risks that remain theoretically possible but that are unlikely to disturb your sleep. Thus, you won’t find ratings for an extraterrestrial invasion, a killer-robot revolution, a zombie apocalypse or a Kardashian presidency. But the WEF does rank all the threats that are both worrisome and realistic – including climate change, cyberattacks, water shortages and the migration of millions of refugees. The result is not just fodder for nightmares but also an urgent wake-up call. Unfortunately, the report provides few new ideas for preventing or confronting many of the risks; its best advice is for governments and businesses to develop “resilience.” In fact, the report deploys this buzzword so frequently (81 times) that it may test the resilience of some readers. The report also reveals a telling difference between the dangers that experts highlight (notably those related to climate change) and the risks that executives and public officials worry about most. getAbstract recommends this compelling overview to executives, policy makers, risk managers, analysts and futurists.
In this summary, you will learn
- Which global risks could have the greatest adverse impact on the world from now to 2025,
- Which of those threats are most likely to occur and
- How you can protect your business.
About the Author
The World Economic Forum is an independent global organization that engages leaders of business, politics, academia and society to improve the state of the world.