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  World Economic Forum: Global Risks 2008

  January 2008

  Summary:

  The present report looks at global risks from a range of different perspectives. The first part of the report focuses on four emerging issues that are shaping the global risk landscape: systemic financial risk, food security, supply chains and the role of energy. The second part of the report presents a collective assessment of global risks in 2008, based on a revised taxonomy of risk, and building on the assessments of past years. In the third part, we look at the methodological hurdles around the representation of interconnectedness and demonstrate how risk "squeezing" and homogenization of risk are changing the way we perceive risk globally. In the fourth part of the report, we examine the role of financial markets as tools of risk transfer and risk mitigation for an increasingly broad range of global risks. Finally, in the fifth part, we take forward our discussions on the construction of risk mitigation coalitions and country risk management, establishing a set of principles for country risk management which the Global Risk Network will develop in 2008-2009.

  Full Text of Document

   

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  New CFR Books

  

  In The Fall and Rise of the Islamic State, Noah Feldman tells the story behind the increasingly popular call for the establishment of the sharia—the law of the traditional Islamic state—in the modern Muslim world.

  

  In Regional Monetary Integration, Peter B. Kenen poses an important question: Should various country groups follow the lead of the European Monetary Union and form similar full-fledged monetary unions?

  

  Walter Russell Mead recounts the story of the centuries-long rivalry between the English- speaking peoples and their enemies in God and Gold.

  Complete list of CFR Books.

  

  

  New from the Council: Policy Options Papers

  Kenya

  In this POP, Adjunct Fellow Michelle D. Gavin suggests steps the Bush administration could take to promote political and ethnic reconciliation and to restore the viability of Kenya’s governing institutions.

  Pakistan

  In this paper, Senior Fellow Daniel Markey poses a set of recommendations for the United States to consider in response to Pakistan’s ongoing political crisis.

  

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