This blog is about the
global report base on the facets that may happen which the authority list in
different risk:
1. Fragile Societies under Pressure.
Base on the report, the
fragile of societies is increasing now and one of the major drivers to the
fragility of societies is rising socio-economic inequality within countries.
Therefore, the question that I come up here is which countries highly in
“rising socio-economic inequality” condition?
Well, I hardly found the
answer for this question, but there’s an article from the internet. It reports on
inequalities in mortality between two broad socioeconomic between men and women in 6 countries, Finland,
Sweden, Norway, Denmark, England/Wales, and Italy (Turin). After that the
report shows that the inequalities in total mortality have increased in all six
countries. Therefore, I might conclude that socio-economic inequality is happen
all around the world.
2. Preparedness at the Regional Level Is Different
In the report, they
mention about the geopolitical risk, saying that it can also impacts on other
risks. So the question is how geopolitical risk cans impacts on other risks.
From an article I read on the internet, they say that geopolitical risk is in
the top 10 global risk and when people focus on that risk, it make a shift from
the focus on economic risk that prevailed between 2007 and 2014.
Source: http://knowledge.zurich.com/risk-interconnectivity/geopolitical-risks-on-the-rise-in-executive-minds/
3. Economic Risks: Out of the Spotlight?
In this report, there
are paragraph that mention low interest rates have also fuelled the risk of
asset bubbles. So my question is what are asset bubbles? The asset bubbles are
created when the prices of asset like house, stocks, gold become over-inflated
and rise quickly over time. It's a bubble when investors bid up the price
beyond any real sustainable value.
4. Environment – High Concern, Little Progress
The report mention the
nexus of food, water energy and climate so I kind of wondering the relation of
these substances. So the question I come up for this article is how food,
water, energy and climate relate? Later, in the article, they list some issues
that are relate to the climate like overfishing, deforestation and the
inadequate management of sensitive ecosystems such as coral reefs are
increasing the stress on food and water systems.
5. Technological: Back to the Future
With high technology come
more troubles. The article had mentioned about the “Internet Thing” also entail
new risks. One of the risks they mentioned was security risk. They’re saying
that the current Internet infrastructure was not developed with such security
concerns in mind. And my question is what are the other risks that the “Internet
Thing” might cause? To answer this question, I have taken a look using the “Internet
Thing” to find out what risks it might bring. The Internet can also be
considered a dangerous place since it can be access everywhere. Therefore, beside
the security risk, which can affect to your business’ document, knowing unclearly
who you are doing business with on the internet also bring risks like cyber
criminals, bullies, and corrupt businesses.
6. Preparedness at Regional Level is Different
This article states that
each region has to prepare to handle their problem. For example, North America identifies
failure/shortfall of critical infrastructure, large-scale cyber attacks and
failure of climate-change adaptation as the three risks for which it is least
prepared. Sub-Saharan Africa is considered least prepared for infectious
diseases and unemployment… Moreover, there is a figure on the article point out
that the East sides of Asia, where I live, have to prepare for interstate conflict.
So my question is what some interstate conflicts that we have to prepare are? In
my opinion, the conflict that might lead to war between countries is the
important interstate conflict that we have to prepare. Take the conflict
between Vietnam and China about the 981 rig for an example. That conflict might
easily lead to war if one side didn’t abdicate. However, a question how to
prepare for such an important interstate conflict is a hard question to answer.