Global Risks Report

Nowadays, globalization is creating many certain advantages and we can sum up such as some points below:-It has ability to develop, to generalize information technology, vehicle telecom.

- It pushes the development of economy, commercial and create feasibility of objective economic laws in a vast global space.

- It created opportunities for cultural exchange and spacious thoughts, makes people more closely together.

- Finally, globalization offers the potential to solve some common problems faced with the economic and social development.

Besides these advantages, globalization is posting for the countries in the world, especially developing country challenges and enormous risks :

In terms of social, most countries are faced with common problems in the development of national economy, such as ecological problems, environmental pollution and resource depletion, population issues and public health, the rich-poor gap, social evils and international crime.

Politically, it is often referred to the serious challenges of globalization on national sovereignty. That is explained by the impact of the economic to the political. The economic integration will lead to increased political integration. With that logic, people talk about the weakening of the nation-state model. In the context of the current globalization, people often talk about the interdependence of the nation rather than referring to the complete independence of those countries.

According to the infographic above, it shows the least prepared risk in each region. In Africa, the least prepared risk are about unemployment or under employment, failure of urban planning and food crises. In our region - South Asia, the least prepared risk are failure of urban planning, terrorist attacks, and water crises. This infographic shows us the least prepared risk so we have a better preparation in the future.

According to the infographic, India is the country have most global risks of highest concern for doing business. For example, failure of major financial mechanism or institution, liquidity crises, and profound political and social instability. We all know that some cities in India lack of water, and many people died because of that reason. This infographic wants to help us to see which country need helps.

According to the infographic above, we can see that energy price shock increase each day and that's mean energy is very rarely now. the failure of financial and critical is increasing also but the fiscal crises and unemployment or under employment is down. 

We can see that all the three infographic show us that we are in the risk even small or large, so we should ready and have a better preparation in the future. and the country who has least prepared is in the high global risk like Africa.