World Economic Forum: The Global Risks Report 2017

On Wednesday January 11 The World Economic Forum published The Global Risks Report 2017. According to Part 1 of the report it draws on the trends and risks highlighted in the latest Global Risks Perception Survey (GRPS) to outline the key challenges that the world now faces: reviving economic growth, reforming market capitalism, facing up to the importance of identity and community, managing technological change, protecting and strengthening our systems of global cooperation and deepening our efforts to protect the environment. Part 2 of the report considers whether recent political trends amount to a crisis of Western democracy. Part 2 also highlights the importance of civil society in mitigating risks and assesses trends towards the curtailment of civil society organizations' freedom to operate. Part 3 of the report takes a look at technology. According to the report -- most assessments suggest that technology's disruptive effect on labor markets will accelerate across non-manufacturing sectors in the years ahead, as rapid advances in robotics, sensors and machine learning enable capital to replace labor in an expanding range of service sector job. Estimates of the number of jobs at risk to technological displacement vary. Respondents to this year's GRPS rate artificial intelligence and robotics as the emerging technology with the greatest potential for negative consequences over the coming decade. To get a more in depth look at World Economic Forum's Global Risks for 2017 click on the picture below to read the entire report.