Global Risk Report 2

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.