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Poor cross-border cooperation hurting efforts to combat global threats, WEF says

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Poor cross-border cooperation hurting efforts to combat global threats, WEF says

Increasing geopolitical and economic tensions are making it harder for the international community to deal with global risks, according to the latest Global Risks Report by the World Economic Forum.

Political rifts and a worsening economic outlook will negatively impact cooperation between international powers in 2019, according to the report, which is based on the results of a perception study carried out with about 1,000 experts and decision-makers. Four of the top five global risks in 2019 relate to climate, with environmental risks now dominating the 10-year outlook in the World Economic Forum's annual survey. After surging up the list in the 2018 report, cyber-related risks were again listed as a major issue.

The report tracked five environmental threats, including biodiversity loss, extreme weather events, mitigation failures, and man-made and natural disasters. Urban infrastructure and development problems are forecast to increase, as solutions to clean groundwater extraction and a need for more superstorm barriers are costly.

The report also looked at the deteriorating psychological and emotional state of many people amid societal, technological and profound work-related changes. A common theme identified by the survey was based on "a feeling of lack of control in the face of uncertainty."