When Local Risks Become Global Risks and How We Can Minimize Them

Climate change. Middle East instability. International terrorism. Oil price shocks. Weapons of mass destruction. The world is fast becoming a riskier place and the days of wait-and-see are no longer an option says the World Economic Forum’s recently released Global Risks 2007 report. The report published in cooperation with Wharton’s Risk Management and Decision Processes Center identifies 23 core risks -- most of which have worsened over the last year despite growing awareness of their consequences. It also underscores a growing disconnect between the power of these risks to disrupt the world and our ability to mitigate them.

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