World Economic Forum Global Risks report

January 2022, World Economic Forum has published the Global risks Report 2022.

In the GRPS, “livelihood crises” are the second most imminent threat to the globe, and the top one at the country level in the Executive Opinion Survey (EOS). In 97 nations, including 16 of the G20 economies, it is the greatest imminent national danger.
What are some possibilities of a livelihood?
A livelihood is described as a series of activities vital to daily existence that are carried out throughout one’s life. Water, food, fodder, medicine, shelter, and clothes are examples of such activities.

According to the GRPS, the danger of “social cohesion erosion” has increased the greatest internationally since the commencement of the COVID-19 crisis. It is seen as a major threat to the globe over all time scales—short, medium, and long term—and is regarded as one of the most potentially harmful for the next ten years.

Social cohesion is measured using five domains: Belonging, Worth, Social justice and equity, Participation (political), and Acceptance and rejection.

Secure digitalization

More sectors of the world risk becoming a base from which cybercriminals can launch global attacks, perhaps widening digital disparities if such governments are then restricted access to digital technology. During COVID-19, rapid digitization in advanced economies created new cyber dangers.
“Cybersecurity failure” was highlighted as a key short-term threat to the globe by GRPS respondents.

Social cohesion erosion”, “livelihood crises” and “mental health deterioration
are three of the five risks that have deteriorated the most globally through the
crisis, according to the GRPS. These three risks—and the pandemic itself
(“infectious diseases”)—are also seen as being among the most imminent threats
to the world. This societal scarring compounds the challenges of effective national
policy-making and reduces the attention and focus needed on international
cooperation for global challenges.

World Economic Forum The Global Risks Report 2022

Respondents believed we had adequately prepared for threats such as “trade facilitation,” “international crime,” and “weapons of mass destruction.” On the other hand, most respondents believe we are most vulnerable to “artificial intelligence” and “cross-border cyberattacks and propaganda.”
Experts believe that as society grows more reliant on digital infrastructure, there will be an increase in cyber assaults and criminality.
The following years will be loaded with complex matters, and enhanced collaboration and regular reassessment will be our best choice for minimising these global threats.