Thursday, August 9, 2007

Many of the 23 Core Global Risks Have Worsened, Warns Report

In an increasingly complex and interconnected global environment, risks can no longer be contained within geographical or system boundaries. No one company, industry or state can successfully understand and mitigate global risks.

The World Economic Forum Global Risks 2007 report highlights a growing disconnect between the power of global risks to cause major systemic disruption, and our ability to mitigate them. The report suggests that many of the 23 core global risks explored in the report have worsened over the last 12 months, despite growing awareness of their potential impacts. In addition to specific risk mitigation measures, institutional innovations may be needed to create effective responses to a complex risk landscape.
Strategic global risks are one of the topics covered in Security Management Stage 3, 24 September - 5 October 2007.