Earlier this year, the World Economic Forum established a Risk Response Network ("RRN") to facilitate dialogue among global leaders about the most important risks impacting our environment and economy. Kevin Steinberg, Chief Operating Officer, World Economic Forum USA, and Head of the Risk Response Network provided the following thoughts on the goals of the RRN. "Throughout the extreme shocks of recent years, both public and private sector leaders have been struggling to avoid collapse and keep the economy afloat. The World Economic Forum is launching the Risk Response Network: an umbrella of projects and initiatives all designed to help global leaders better understand, prepare for and respond to risk.”
With the launch of this new initiative, the World Economic Forum
published a report on the most critical global risks that must be addressed in 2011. This report draws upon a risk perception survey of 580 global leaders, 18 risk analysis workshops and 50 risk expert consultations resulting in an assessment of 37 global risks. The resulting analysis is very intriguing and represents a true opportunity to begin addressing risks in a more proactive manner.
Risk was a big topic this year at the World Economic Forum Annual Meeting 2011 in Davos-Klosters. Instead participants suggested we should not focus on the ever-growing and ever-changing list of risks but rather on a framework for addressing today s challenges. A multilateral mechanism for responding to shared global risks is urgently needed.
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