Investing
Income Inequality, Government Debt Are Biggest Risks for 2013
Published:
Last Updated:
The most-cited environmental risk was identified as a failure to adapt to climate change. The report’s editor said:
These global risks are essentially a health warning regarding our most critical systems. National resilience to global risks needs to be a priority so that critical systems continue to function despite a major disturbance.
The report suggests that governments have become “dangerously complacent” about health risks due to success in combating disease. A risk case based on resistance to antibiotics, chronic disease and a lack of protection for intellectual property rights could lead to a breakdown in today’s “hyperconnected” world.
Economic stresses are curtailing efforts to mitigate the effects and causes of climate change. The report suggests ways to make the strategic investments needed to deal with this particular risk.
Another risk results from the ubiquity of information and the speed with which it can be transmitted globally. The report cites the riots caused by the anti-Islamic film that was widely viewed on the Internet and played some role in the deaths at the U.S. embassy in Libya.
The report is available here.
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.