Global Risks Report 2009
The Global Risks report 2009 identifies deteriorating fiscal positions, a hard landing in China, a collapse in asset prices, gaps in global governance and issues relating to natural resources and climate as the pivotal risks facing the world this year. While Global Risks 2008 highlighted food security, systemic financial risk and supply chain risk as areas of focus for the short term, Global Risks 2009 focuses on the impact of the financial crisis on levels of economic risk and its implications for other risk areas. The 2009 report stresses the importance of considering the long-term implications of many of the decisions taken today in response to immediate financial and economic challenges. The report also explores how the lack of effective global governance was a factor in the financial crisis and could potentially exacerbate a number of other global risks if not properly addressed.
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