Daily Archives: January 16, 2014

Andrew Hill

Global business and political leaders like to talk about the long term, but persistently focus on what’s in front of their faces. That is one conclusion you can draw from the World Economic Forum’s Global Risks 2014 report, for nearly 10 years the doomy trailer to the main feature next week in Davos.

The pressing preoccupations of business, government, academic, non-governmental leaders – the “risks” that combine “high impact and high likelihood” – are: extreme weather events, failure of climate change mitigation and adaptation, water crises, severe income disparity, high unemployment, and fiscal crises in key economies. But if I were a bookmaker, I would have long since closed the betting on whether these events will occur – because almost all of them already have.

Well-spotted: the biggest and most likely "risks" are in the top right (source: WEF)

  Read more