Prepare for a very different world after the plague: WEF | Inconsistent Issues

The country, full of COVID-19 scars, is not prepared to deal with the growing risks, a new report warns.

The country is growing unequally and the growing diversity as a result of the epidemic, is also fueling conflict, anger and disruption of global responses to climate change, economic instability and economic instability, according to a new report.

Global Risks Report 2022 (PDF) – the 17th edition from the World Economic Forum (WEF) and released Tuesday – warns that the economic recovery from coronavirus, which has been based on vaccination, has deepened international and international divisions. great.

“The world is facing a lot of challenges, but we are not getting better: 2022 starts with half the number of people who are not vaccinated and the economic crisis that could disrupt the global economy,” Emilio Franco, WEF’s global risk chief, told Al. Jazeera.

In the 52 poorest countries — with 20 percent of the world’s population — only 6 percent of those who have been vaccinated (compared with 69.9 percent of rich countries), according to a WEF report.

“That is why our Global Risks Report warns of globalization as a major threat; will lead to internal and external conflicts at a time when countries and nations need to work together to restore confidence and build resilience, ”added Franco.

In addition, rising prices, declining commodities, rising debt and security are making the global economy difficult. These problems are exacerbated by the dangers of climate change, the increased risk of cybercrime, mass migration, and competition for space exploration.

An outbreak of a new type of coronavirus in late 2021 has confirmed the fears of many economists: Global economic recovery is at stake and any disruption could have lasting consequences.

By 2024, developing countries (excluding China) will be down 5.5 percent below the expected global economic growth (GDP) level, while the emerging economy will be over 0.9 percent, according to the WEF.

Restoring trust and strengthening international co-operation will be needed to address the crisis and prevent international divisions, says the WEF.

Extreme poverty, climate change, and rapid digital transformation

The WEF report drew on information gathered from nearly 1,000 experts who were asked to reflect on how the world has contributed to the epidemic and to reflect on how world leaders can deal with the coming crisis. Eighty-four percent of those polled said that they were concerned about the state of the country.

The report is also based on the views of more than 12,000 leaders from 124 countries who identified the risks.

Erosion of human relations was cited as a major short-term threat in 31 countries – including Argentina, France, Germany, Mexico and South Africa from the Group of 20 countries. Another 51 million people are said to live in extreme poverty compared to the previous plague, and WEF.

Adverse changes to climate change policies can confuse countries and create barriers between them. Leaving large-scale industries that use high levels of gas to create economic instability and increase unemployment, the WEF warns in a report.

The growing reliance on digital technology, which has grown exponentially during the epidemic, has changed the world forever. And the world is not ready: By 2020, malware and ransomware have risen by 358 percent and 435 percent, respectively.

For one thing, the plague has shown that no nation is immune to economic, environmental, and social ills. That is why governments should prioritize investing in preparing for so many pressures.

This, says the WEF, means addressing major policy challenges, fostering the future potential of public health and climate change, and encouraging greater participation of private organizations in finding solutions to problems.