Davos Report Warns of Rising Geo-Economic Confrontation Threat to Global Stability
The Global Risks Report issued by the World Economic Forum concluded that the likelihood of a geo-economic confrontation has risen sharply, making it the most serious threat to international stability this year.
About 18 percent of more than 1,300 experts from business, government and academic sectors believe such confrontations could trigger a global crisis.
The findings were released ahead of the annual Davos meeting scheduled for January 19-23, which will be attended by several world leaders, including US President Donald Trump.
The report defines geo-economic confrontation as measures such as restricting goods, technology and knowledge, imposing investment limits and sanctions to build self-sufficiency and curb geopolitical rivals.
Other high-ranking risks include interstate conflicts, volatile weather, economic slowdown, inflation, asset bubbles and disruption of critical infrastructure.
Over the next two years, geo-economic confrontation moved from ninth to first place in terms of crisis potential, while climate volatility and biodiversity loss remain the most severe threats over the coming decade.
About 18 percent of more than 1,300 experts from business, government and academic sectors believe such confrontations could trigger a global crisis.
The findings were released ahead of the annual Davos meeting scheduled for January 19-23, which will be attended by several world leaders, including US President Donald Trump.
The report defines geo-economic confrontation as measures such as restricting goods, technology and knowledge, imposing investment limits and sanctions to build self-sufficiency and curb geopolitical rivals.
Other high-ranking risks include interstate conflicts, volatile weather, economic slowdown, inflation, asset bubbles and disruption of critical infrastructure.
Over the next two years, geo-economic confrontation moved from ninth to first place in terms of crisis potential, while climate volatility and biodiversity loss remain the most severe threats over the coming decade.
