Thursday 28th of March 2024
Home    |   SCCI Role & Purpose    |   Feedback   |   Contact Us
 
NEWLY OFFICE BEARERS 2022-2024 MUHAMMAD TARIQ IQBAL MUGHAL PRESIDENT, Mr. KHALID ZAMAN TOOR SENIOR VICE PRESIDENT, SHEIKH MUHAMMAD AZEEM VICE PRESIDENT      
Enter Membership ID, Company Name, Person Name, NTN or Phone
Home | Articles
Global Risks 2014 in facts and figures
 IT Department SCCI January 16, 2014, 10:03:26 PM 

 Debt crises, persistently high unemployment, water shortages, the widening gap between rich and poor and climate change are the global threats of greatest concern for the decade ahead, according to the World Economic Forum’s Global Risks 2014 report.

Global Risks asks experts from business, government, academia and non-governmental and international organizations to nominate their top risks from a list of 31 preed global threats.

The report also examines how these risks can interact to cause breakdowns in entire systems and the trade-offs involved in managing them.

Here is a list of facts and figures from the report:

  • Over 700 leaders from the World Economic Forum’s global community took part in the survey underpinning the report.
  • Under-30s accounted for approximately one-quarter of survey respondents.
  • Environmental risks feature prominently in this year’s list, with failure of climate change mitigation and adaption in fifth place. The World Bank estimates the cost of climate change adaptation for developing countries to be $70-100 billion per year through to 2050.
  • Studies suggest that water scarcity – third on the list of global risks – could reduce grain production by as much as 30%. Food crises are number eight on the list.
  • Women perceive almost all global risks as both more likely and more impactful than men, especially in the environmental category.
  • Younger respondents give higher scores for the impact of almost all risks, particularly environmental risks, such as water crises, greater incidence of natural catastrophes, the loss of biodiversity and greater incidence of extreme weather events.
  • Youth unemployment and underemployment are ranked as the second most important risk. About 300 million young people – over 25% of the world’s youth population – have no productive work, according to World Bank estimates. Add low-paid rural and urban self-employed workers, and the estimates rise to 600 million.
  • Demographic trends are flagged in the report, including the risk of being unable to deal with rapid population growth and the growing burden of an ageing population. While it took 115 years for France’s population of over-65s to double from 7% to 14%, it will take China, South Korea and Singapore about 20 years.
  • More than half of the world’s population now lives in cities. By 2050, the urban population will have nearly doubled to an estimated 6.4 billion. This trend increases the impact of risks including the spread of disease, natural disasters and income inequality.
  • If a new strain of avian flu were to spread globally through the air travel network that connects the world’s major cities, 3 billion people could potentially be exposed to the virus within a short span of time.
  • The number of people aged 20-79 with diabetes is projected to rise to 591.9 million by 2035 (compared to 381.8 million in 2013).
  • The decline of trust in institutions, lack of leadership, persisting gender inequalities and data mismanagement are trends to watch, according to survey respondents.

    To find out more, read the Global Risks 2014 report, and this blog on the top 10 risks for the decade ahead.
    Author: Caroline Galvan is an economist in the World Economic Forum’s Global Competitiveness and Benchmarking Network.
Register |  Sign in
  In the Spotlight
 
  Sheikhupura Weather
Advertisements
SCCI Advertise your business with us, today! SCCI Advertise your business with us, today! SCCI Advertise your business with us, today! SCCI Advertise your business with us, today!
Sheikhupura Chamber on Facebook Sheikhupura Chamber on Twitter SCCI Advertise your business with us, today! SCCI Advertise your business with us, today!
Phone: +92 42 371 68999   fax: +92 42 371 68999   E-mail: info@scci.net.pk   Address: 23 KM, Lahore-Sheikhupura Road, Qila Sattar Shah, Sheikhupura, Punjab, Pakistan
Copyright © 2010 IT Department of Sheikhupura Chamber of Commerce. All rights reserved.
Designed & Developed By: Progressive
Total Hits: 3848593