Outside the Box: The biggest risks we face have nothing to do with plunging stock prices

The turmoil that erupted on many of the world’s financial markets in the past days is a timely reminder of risks and vulnerabilities. Global growth may be back at pre-2008-crisis levels, but the worst risks we are facing don’t come from stock-market volatility. Rather, they are related to increasingly complex interconnections between technology, the environment, cyberattacks, and political trends that include a heightened possibility of protectionism.

Looking at the results of the World Economic Forum’s annual risk-perceptions survey in the Global Risks Report, it has been striking to watch global economic and financial risks fade from prominence over the past 10 years.

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