Lower-cost imports from China benefit US businesses and households. In 2019...
2021-01-29 3 ENGLISH REPORTS
Survey respondents were asked to rank order the three risks they consider to be the most concerning for the world. Respondents were then asked to select up to fve risks they consider will be driving their top concerns over the course of the next 10 years, with no particular ordering. See Appendix B for more details. To ensure legibility, the names of the global risks are abbreviated; see Appendix A for full names and descriptions. Read more about the methodology:The immediate human and economic costs of COVID-19 are severe. They threaten to scale back years of progress on reducing global poverty and inequality and further damage social cohesion and global cooperation, which were already weakening before the virus struck. New barriers to individual and collective advancement will likely result from the pandemic as the world faces the sudden disruption of social interactions, a widening digital divide, abrupt shifts in markets and consumer behaviour, loss of education and jobs, and challenges to democracy and international relations.
“Digital inequality”, “youth disillusionment” and “social cohesion erosion”—newly included in the Global Risks Perception Survey (GRPS)— were all identifed by respondents as critical short-term threats. A digital leap forward—disrupting industry, education, labour markets, and the balance of power between nations— risks widening the gap between the technological “haves” and “have-nots”. All generations and groups have been affected by the crisis: older populations are the most vulnerable to the pandemic itself, and youth face new barriers to social mobility, strains on mental health, uncertain economic prospects and the continued degradation of the planet. Climate change—to which no one is immune, nor can the world vaccinate against it—continues to be catastrophic: “climate action failure” is the most impactful and second most likely longterm risk identifed in the GRPS. Billions of people worldwide are at heightened risk of missing out on future economic opportunities, and the benefts of a resilient global community. According to the GRPS, “livelihood crises” will be a critical threat over the next two years, and their impact is likely to continue throughout the decade.
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