November 27, 2014 20:37 UTC

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World Economic Forum Rates Global Risks for 2013

The World Economic Forum says the risk facing the world is the disparity in income between rich and poor.

The World Economic Forum asked experts to rate global risks.
The World Economic Forum asked experts to rate global risks.

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From VOA Learning English, this is the Economics Report in Special English.
 
The World Economic Forum says the most likely risk facing the world over the next 10 years is the severe disparity in income between rich and poor. The estimate was made in a new report called the World Economic Forum’s Global Risks 2013. Many of the issues discussed in the report are familiar. Food availability and the spread of extremism and terrorism are noted every year. But new risks, especially technological and financial ones, are becoming more important than ever.
 
The World Economic Forum is based in Geneva, Switzerland. The non-profit group says its risk report is based on surveys of more than 1,000 experts from around the world.  They include industry leaders and specialists in government, academics and civil society.
 
The experts considered the likelihood that risks could become serious problems in the future. They also studied the impact, or influence, that these risks would have if they became reality.
 
The experts judged the likelihood that a risk would become a problem over the next 10 years. Sharp income differences between rich and poor were the risk considered most likely. This is the second time in two years that the disparity in wealth was identified as the most likely problem. It was followed by what the report calls “chronic fiscal imbalances,” or the failure of governments to deal with heavy debt over time.
 
The risk said to have the biggest possible impact was a major failure in the world financial system, like the collapse of a top institution or currency. But experts rated a water supply crisis as second on the list of high-impact risks. The report’s organizers say this issue has generally received little attention.  
 
How the experts change their opinions is also something to note. This year, the mismanagement of the aging population moved from the 18th to the fifth most likely threat. The failure to deal with the costs and social issues involved with an aging population is now considered a risk with greater possible impact.
 
The experts also were asked about extreme possibilities. The report calls these “X Factors.” They include the likelihood of climate change going out of control, and even the results of discovering alien life forms. 
 
The World Economic Forum is an international group whose members represent industry, charitable organizations and other partners. Its stated goal is to improve the state of the world.
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Comment Sorting
Comments
     
by: David Le from: Taiwan
01/25/2013 2:07 PM
I agree this point :the severe disparity in income between rich and poor is the most likely risk. But how to slove the problem? It seems to be a missin impossible.


by: Ton Thao
01/15/2013 3:19 PM
The gap between rich and poor are so huge in the world. how can solve this problem??? the more we can prevent it, the more economic developed


by: 123fly
01/14/2013 8:31 PM
i agree, the disparity between poor and rich rise every year but this is a new world order otherwise global economies rule. this rule's (other name is capitalism) precept is "riches should be richer, poors should be poorer than ever".. an example; America waste foods Somoli die of starvation..
ı wish, all countries all persons could be equal.. ı think the experts who was mentioned this news should work this equality.


by: BIJU.P.Y. from: SOUTH INDIA
01/14/2013 5:29 PM
The gap between the rich and the poor is ever widening. Equality in action is the only kind of equality that has a real existence. If this situation continues for a long time, there will be a great social unrest in the states of the world and a great insurgence will occur. The high way robbery of buissiness men and shopowners, the unauthorized production of currency and the like has helped a great disparity among the rich and the poor. Thank you.


by: Alex from: Russia
01/13/2013 8:10 PM
"But new risks, especially technological and financial ones, are becoming more important than ever." May be they are evident or may be not - time and movement of event what is needed to take into account. Happy New Year.


by: Hiroki from: Chiba,Japan
01/13/2013 3:57 PM
A lot of problems considered high-impact risks in the report have resulted from the limit of a capacity in the world.For the past of a century human beings have succeeded in feeding ourselves owing to the technical evolution, but It seems that there are no longer sufficient resources, foods and circumstances to promote the extension of human beings.We therefore have to minimize the risks cooperatively.


by: Leonardo G. Vargas S. from: leticia, Colombia
01/13/2013 1:30 PM

The WEF, has an important mission, its members must work for reduce the poverty around the world and fight for a better ways of fair trade.


by: Rick from: Italy
01/12/2013 1:01 PM
It is not a coincidence that european economic problem start exactly when the "Berlin wall" fall in 1989 and Usa "dismiss" its presence in europe after WW2. This retirement gave to germans and frenchs the power to build a big axis to re-establish "socialism-partitocracy and monarchy-economy" in europe. From 1945 and 1989, continental europe experienced its first moment of freedom thanks to Usa and Uk efforts. Not only a barrage to soviet communism but also an effort to open society and economic rules. All of this ended in 1989. If you want to help europe, start to help Italy. This will help all the western world.


by: Dimi from: German
01/12/2013 9:17 AM
The climate change is not an extreme possibilities. It is by now truth!


by: Yoshi from: Sapporo
01/12/2013 1:36 AM
Probably we should change the way of life-style from seeking efficiency, benefit and convenience to making much account of mutual confort relationship among relatives, friends and neighborhood.