Systems at Risk
This year's World Economic Forum Global Risks Report reminds us of the many ways in which systems inevitably affect one another in our interdependent world. More important, the report warns of the dangers of multiple systems – like the economy and the environment – failing simultaneously.
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GENEVA – Failure to adapt to climate change, persistent extreme weather, and major systemic financial failure are just three of 50 major risks monitored every year in the World Economic Forum’s Global Risks Report. It seems natural to draw connections among them, especially after a “superstorm” shut down Wall Street this past October. Indeed, the report reminds us of the many ways in which systems inevitably affect one another in our interdependent world.