The interconnectedness of the global economy makes it more vulnerable to major shocks. In the wake of the 2008 financial meltdown, global leaders are acutely aware of the threats another such crisis would pose to economic recovery, social cohesion and political stability. How can governments and business prepare for and respond to such unanticipated events?
The OECD presented the findings of a two-year "Future Global Shocks" project at the OECD on Monday 27 June 2011.
The complex web of connections underpinning global trade and finance leaves the world economy highly exposed to natural and man-made disasters, the OECD says in a new report on Future Global Shocks.
Pierre-Alain Schieb and Jack Radisch, the report’s authors and OECD risk policy experts, presented the findings, together with members of the project’s Steering Group, including Tina Gabbrielli, Director, Risk Management & Analysis, US Department of Homeland Security; Jean-Noël Guye, Senior Vice President, Emerging Risks and. Sustainable Development, AXA; and Alex Wittenberg, Partner, Global Risk Centre, Oliver Wyman.
More information on the OECD’s Future Global Shocks project is available at: www.oecd.org/futures, including case studies on cyber attacks, pandemics, geomagnetic storms, social unrest and financial crises.