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16th Global Risks Report 2021

Published on January 22, 2021
Current Context: The World Economic Forum has released the 16th Global Risks Report 2021.
16th Global Risks Report 2021
  • The findings and analysis of the report are based on Global Risk Perception Survey (GRPS). 
  • This GRPS was taken over 650 members of the WEF’s leadership communities.
  • The report was drafted by Marsh McLennan, SK Group and Zurich Insurance Group. 
  • The main moto of the report is to enable better preparation by government and institutional organisations during the time of crisis.
  • The report describes that the top 3 risks by likelihood are extreme weather, climate action failures and human environmental damage. This is very likely to happen in the next 10 years. And the top 3 risks by impact are infectious diseases, climate action failures and weapon of mass destruction, these are the amount of impact they are expected to create.
  • The report states that pandemic COVID-19 has resulted in a widespread impact on major rankings of 2021 as compared to the Global Risks Report Rankings of 2020. The pandemic has caused loss to the lives, hampered economic development, especially of poorest nations. The pandemic has also resulted in amplifying wealth inequalities across the world.
  • The report also highlights about carbon emission which reduced due to lockdown situation of COVID-19 pandemic in many nations, but it also highlights that the carbon emission is expected to increase when the recovery process starts.
  • The report has asked the global communities to learn from the responses of the pandemic in order to increase global resilience in future. This includes analytical frameworks, creating new forms of partnerships and trusts through consistent discussions.
  • Static Part: 
    • HQ of the World Economic Forum: Cologny, Switzerland

Question: 

Q.1 Which edition of Global Risks Report 2021 was released by the World Economic Forum?
a. 12th
b. 9th
c. 19th 
d. 16th
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