Global Risks

The prominent rise of the Islamic State has brought state collapse and the failure of national governance back into public consciousness.

Our add to the potential impacts is that at the end of 2014 Boko Haram violence now comparable to ISIS.

At the same time, health-related risks, such as pandemics – last considered impactful in 2008 – rise up following the unprecedented spread of Ebola.

The systemic nature of our most significant global risks calls for procedures and institutions that are globally coordinated yet locally flexible.

As international systems of finance, supply chains, health, energy, the Internet and the environment become more complex and interdependent, their level of resilience determines whether they become bulwarks of global stability or amplifiers of cascading shocks.

Strengthening resilience requires overcoming collective action challenges through international cooperation among business, government and civil society.

- Risk Management Review 2014: RISK MANAGEMENT AND DECISION PROCESSES CENTER @ Wharton Risk Management and Decision Processes Center