UPSC Exam   »   Important International Reports and Indices   »   Global Risks Report 2022

Global Risks Report 2022

 

Global Risks Report 2022: Relevance

  • GS 3: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.

 

Global Risks Report 2022: Context

  • Recently, World Economic Forum has released the 17th edition of the Global Risks Report 2022 where the report has discussed the top five risks facing India.

 

Global Risks Report 2022: Key points

  • The report tracks global risks perceptions among experts and world leaders in business, government and civil society.
  • The study examines risks across five categories—economic, environmental, geopolitical, societal, and technological.
  • Extreme weather was considered the world’s biggest risk in the short term and a failure of climate action in the medium and long term—two to 10 years.
  • Top global risks: Climate crisis, growing social divides, heightened cyber risks and uneven global recovery, as the coronavirus pandemic lingers on, are the top global risks over the next 10 years.
  • The report also said that diverging economic recoveries and the fallout of the pandemic threaten global cooperation on other challenges at a time when climate risks loom large.
  • Digitalisation: The increasing reliance on digital systems, which has only grown in the past two years, has made digital or cybersecurity threats more potent.

 

Global Risks Report 2022_40.1

 

Global Risks Report 2022: India

  • Top 5 risks: disillusionment among youth, digital inequality, fracture of interstate relations, debt crises and failure of technology governance are the top 5 risks mentioned by the report.
  • The report summarises youth disillusionment as a societal problem, which includes youth disengagement, lack of confidence or trust of existing economic, political and social structures at a global scale.
  • The report was of the view that the disillusionment is negatively impacting social stability, individual well-being and economic productivity.

 

Global Risks Report 2022_50.1

 

Global Risks Report 2022 suggestion

  • Global leaders must come together and adopt a coordinated multi-stakeholder approach to tackle unrelenting global challenges and build resilience ahead of the next crisis.

 

Also Read:

The Editorial Analysis: The sail that Indian diplomacy, statecraft need 24th National Conference on e-Governance 2021: Hyderabad Declaration Adopted RBI Sets Up a Fintech Department Jallikattu- T.N. govt. allows Jallikattu
National Youth Festival 2022- PM to Inaugurate 25th National Youth Festival MoSPI Releases First Advance Estimate for 2021-22 India to Become Asia’s Second Largest Economy by 2030 Disaster Management: Legislative and Institutional Framework in India
Target Olympic Podium (TOP) Scheme Cabinet Approves Green Energy Corridor Phase-2 19th Meeting of NTCA: 50 Cheetah to be introduced in next 5 years Code of Practices for Securing Consumer Internet of Things (IoT)

Sharing is caring!

Thank You, Your details have been submitted we will get back to you.

Leave a comment

Your email address will not be published.