A New Insight into the World Economic Forum Global Risks
Posted: 12 Jun 2018
Date Written: June 1, 2017
The World Economic Forum (WEF) recognises in their recent global risk reports the need to better understand the dynamics of the global economic system, and in particular the interconnectedness in the system in order to better appreciate the possibility of both single and multiple risk events occurring. This paper applies a cladistics analysis technique to identify the commonality of identified characteristics across a sample set of the 2014 WEF global risks (WEF 2014) as a basis for a new understanding of the linkages and potential evolution of the WEF risks. This approach shows strong potential to provide deeper insights into the nature and interdependency of global risks and in particular how this allows for more efficient management of these risks.
Keywords: Economic Systems, Complex Adaptive Systems, Cladistics Analysis, Amanagement, World Economic Forum
JEL Classification: E170, G1, G15, G17
Suggested Citation: Suggested Citation