Global Risks 2008

This report examines global risks for 2008 from a range of perspectives. It focuses on four emerging issues that shape the global risk landscape, namely systemic financial risk, food security, supply chains and the role of energy.

The paper then presents a collective assessment of global risks in 2008, looks at the methodological hurdles around the representation of interconnectedness and demonstrates how risk "squeezing" and homogenization of risk have changed the way risk is perceived globally. It also examines the role of financial markets as tools of risk transfer and risk mitigation. Finally, it analyzes the construction of risk mitigation coalitions and country risk management.