Thread by @BiIndia

From #ClimateAction failure to monopoly in the tech world — the world needs to wake up to these global risks in 2021, says the @wef
businessinsider.in/international/…

By @SanchDash

@wef @SanchDash The World Economic Forum Global Risk Report cautions the world against the next imminent dangers. In 2020, the risk of a global #pandemic became reality, and the World Economic Forum (@wef) report has been warning the world about it since 2006.

#GlobalRisks

@wef @SanchDash The report called the human and economic cost of #COVID19 ‘severe’. While governments around the world have promised $12 trillion in stimulus, experts said that it shouldn’t be seen as a cost but as an investment for the future.

#GlobalRisks @wef

@wef @SanchDash 1. Extreme weather

Severe weather conditions like cold fronts, fires, floods, heatwaves, windstorms etc., have been the reason for mass destruction across the world, impacting lives and economies.

#GlobalRisks @wef

@wef @SanchDash 2. Climate Action Failure

#ClimateAction failure ranks high in the global risks list, not just by likelihood but also by the impact.

#GlobalRisks @wef

@wef @SanchDash 3. Human environmental damage

As the world progresses and commercialization spreads across the globe, man-made disasters have been beginning to be a massive threat to humanity.

#GlobalRisks @wef

@wef @SanchDash 4. Infectious diseases

As the world continues to battle the deadly coronavirus pandemic, which has already claimed over 2 million lives, ‘infectious diseases’ continues to be a global risk.

#GlobalRisks @wef

@wef @SanchDash 5. #Biodiversity loss

The report defined biodiversity loss as “irreversible consequences for the environment, humankind, and economic activity, and a permanent destruction of natural capital, as a result of species extinction and/or reduction.”

#GlobalRisks @wef

@wef @SanchDash 6. Digital power concentration

Another risk listed in the Global Risk Report is the concentration of power with a restricted few in the world, especially when it comes to digital assets, which could lead to “unequal private or public access”.

#GlobalRisks @wef

@wef @SanchDash 7. Digital inequality

Access to digital networks because of “unequal investment capabilities, lack of necessary skills in the workforce, insufficient purchase power, government restrictions and/or cultural differences” is another risk to the world.

#GlobalRisks @wef

@wef @SanchDash 8. Interstate relations fracture

The world in the future has to come together to face these risks, and thus, interstate relations fracture is another threat. Both interstate relations fracture and interstate conflict have been listed are the likely dangers.

#GlobalRisks @wef

@wef @SanchDash 9. Cybersecurity failure

As dependency on digital increases, one of the biggest threats is #cybersecurity failure. The world has already been witnessing a growing number of cyber attacks, as companies across the world reported massive breaches in 2020.

#GlobalRisks @wef

@wef @SanchDash 10. Livelihood crisis

As markets and businesses continue to reel under the effects of the #pandemic, #unemployment, underemployment, lower wages, fragile contracts, erosion of worker rights were listed as the threats by the WEF.

#GlobalRisks @wef