The biggest threat to the stability of the world in the next 10 years comes from the risk of international conflict, according to the 10th edition of the Global Risks report, which is published today.
The report, which every year features an assessment by experts on the top global risks in terms of likelihood and potential impact over the coming 10 years, finds interstate conflict with regional consequences as the number one global risk in terms of likelihood, and the fourth most serious risk in terms of impact. In terms of likelihood, as a risk it exceeds extreme weather events (2), failure of national governance systems (3), state collapse or crisis (4) and high structural unemployment or underemployment (5).
|Top 5 Global Risks in Terms of Likelihood|
|1||Interstate conflict with regional consequences (geopolitical risk)|
|2||Extreme weather events (environmental risk)|
|3||Failure of national governance (geopolitical risk)|
|4||State collapse or crisis (geopolitical risk)|
|5||High structural unemployment or underemployment (economic risk)|
Top 5 Global Risks in Terms of Impact
|1||Water crises (societal risk)|
|2||Rapid and massive spread of infectious diseases (societal risk)|
|3||Weapons of mass destruction (geopolitical risk)|
|4||Interstate conflict with regional consequences (geopolitical risk)|
|5||Failure of climate-change adaptation (environmental risk)|
In looking at global risks in terms of their potential impact, the nearly 900 experts that took part in the Global Risk Perception Survey rated water crises as the greatest risk facing the world. Other top risks alongside that and interstate conflict in terms of impact are: rapid and massive spread of infectious diseases (2), weapons of mass destruction (3) and failure of climate change adaptation (5).
With the 28 global risks that were assessed in 2015 grouped into five categories – economic, environmental, geopolitical, societal and technological – 2015 stands out as a year when geopolitical risks, having been largely absent from the landscape of leading risks for the past half-decade, returns to the fore. With geopolitics increasingly influencing the global economy, these risks account for three of the five most likely, and two of the most potentially impactful, risks in 2015. Also in this category, three risks stand out as having intensified the most since 2014 in terms of likelihood and impact. These are interstate conflict with regional consequences, weapons of mass destruction and terrorist attacks.
The risk landscape in 2015 also shows that there remains concern over the world’s ability to solve its most pressing societal issues, as societies are under threat from economic, environmental and geopolitical risks. Indeed, the societal risk accounts for the top two potentially impactful risks.
Also noteworthy is the presence of more environmental risks among the top risks than economic ones. This comes as a result of a marked increase in experts’ negative assessment of existing preparations to cope with challenges such as extreme weather and climate change, rather than owing to a diminution of fears over chronic economic risks such as unemployment and underemployment or fiscal crises, which have remained relatively stable from 2014.
“Twenty-five years after the fall of the Berlin Wall, the world again faces the risk of major conflict between states,” said Margareta Drzeniek-Hanouz, Lead Economist, World Economic Forum. “However, today the means to wage such conflict, whether through cyberattack, competition for resources or sanctions and other economic tools, is broader than ever. Addressing all these possible triggers and seeking to return the world to a path of partnership, rather than competition, should be a priority for leaders as we enter 2015.”
In addition to assessing the likelihood and potential impact of these 28 global risks, Global Risks 2015 examines the interconnections between risks, as well as how they interplay with trends shaping the short- to medium-term risk landscape. It also offers analysis of three specific cases which emerge from the interconnections maps: the interplay between geopolitics and economics, the risks related to rapid and unplanned urbanization in developing countries and one on emerging technologies.
On urbanization, the report considers how best to build sufficient resilience to mitigate the challenges associated with managing the world’s rapid and historical transition from predominantly rural to urban living.
“Without doubt, urbanization has increased social well-being. But when cities develop too rapidly, their vulnerability increases: pandemics; breakdowns of or attacks on power, water or transport systems; and the effects of climate change are all major threats,” said Axel P. Lehmann, Chief Risk Officer at Zurich Insurance Group.
The rapid pace of innovation in emerging technologies, from synthetic biology to artificial intelligence, also has far-reaching societal, economic and ethical implications. Developing regulatory environments that are adaptive enough to safeguard their rapid development and allow their benefits to be reaped, while preventing their misuse and any unforeseen negative consequences is a critical challenge for leaders.
John Drzik, President of Global Risk and Specialties at Marsh, said: “Innovation is critical to global prosperity, but also creates new risks. We must anticipate the issues that will arise from emerging technologies, and develop the safeguards and governance to prevent avoidable disasters.”
The report also provides analysis related to global risks for which respondents feel their own region is least prepared, as well as on the global risks on which they feel most progress has been made over the last 10 years. It also presents for the first time country-level data on how businesses perceive global risks in their countries. Moreover, the report features three examples of risk management and resilience practices related to extreme weather events.
The Global Risks 2015 report has been developed with the support of Strategic Partners Marsh & McLennan Companies and Zurich Insurance Group. The report also benefited from the collaboration of its academic advisers: the Oxford Martin School (University of Oxford), the National University of Singapore, the Wharton Risk Management and Decision Processes Center (University of Pennsylvania), and the Advisory Board of the Global Risks 2015 report.
In a Dark Time: The Expected Consequences of an India-Pakistan Nuclear War
Twenty-one years ago, in 1998, Dr. Louis René Beres, Professor Emeritus of International Law at Purdue University, published an authoritative article in the AMERICAN UNIVERSITY INTERNATIONAL LAW REVIEW (Vol. 14, No.2.). Titled “In a Dark Time: The Expected Consequences of an India-Pakistan Nuclear War,” this piece looked closely at underlying disagreements and strategies of the two adversarial states, with special reference to plausible consequences of any eventual nuclear weapons exchange. Fortunately, though no such exchange has ever taken place, current tensions in the region are sending prospectively fearful signals in both capitals. In addition to rising concerns over Kashmir, Pakistan not long ago codified a new nuclear war fighting strategy of deterrence. Known in formal strategic parlance as a “counterforce” strategy, it is premised on the notion that the threat (implicit or explicit) of shorter range/lower yield nuclear missiles will enhance Pakistan’s deterrent credibility. Yet, if this dramatic change from a more traditionally “countervalue” nuclear strategy should sometime be linked with certain corresponding “launch-on-warning” tactics, the likelihood of an India-Pakistan nuclear exchange could then become unacceptably high. What might be the tangible outcome of any such ominous exchange? To answer accurately, this informed 1998 assessment by Professor Beres will be well-worth reading or re-reading, as the case may be: read or download the pdf
Kashmir: A Nuclear Flash Point
India has challenged the whole world with nuclear war, the Defense Minister announced to review its policy of no first use of nuclear weapons. It is very serious and threatened the “Peace” of not only of this region but with serious global repercussions. India and Pakistan have a history of 4 wars in the last 7 decades. But these wars were different from today when both countries are nuclear powers and keeping enough piles of weapons to destroy each other completely. Under this scenario, Indian Defense Minister’s remarks are an irresponsible and direct threat to “Peace”.
India staged a drama of “Pulwama” in February 2019 and used this excuse to attack Pakistan. Indian Air Force entered into Pakistan and Dropped Bombs deem inside Pakistan. In spite of the fact, Pakistan possesses the capabilities to retaliate immediately, but observed restrains and patience. Because Pakistan is a peace-loving nation and a responsible state. The visionary leadership of Pakistan understands the consequences of War and smartly averted a full-fledged war. However, two days later, Pakistan demonstrated its strength cautiously and conveyed its strong message that Pakistan loves peace and does not want war, although, having the capacity to respond reciprocity.
Pakistan has been a victim of war for 4 decades in Afghanistan and knows the suffering of war. But has learned a bitter experience and become mature enough to avoid any war.
India has occupied part of Kashmir in 1948 at the time of getting independence from the British. United Nation has passed resolutions on the resolution of Kashmir issue. But India has been delaying and has not implemented any one of UN resolution on Kashmir during the past 7 decades. It is disrespect and humiliation for the UN too.
But the recent Indian move to accede Kashmir unilaterally is a very serious breach of UN and International norms. There is a reaction from almost all over the world. China has condemned Indian move, Russia has opposed, the US has not accepted Indian action, British has criticized, European Parliament has objected, OIC has condemned, various human right Organization and NGOs has rejected the Indian accession. A wide range of protests was witnessed in all major cities of the world, Washington, New York, London, Paris, Brussel, Berlin, Tehran, etc.
Some of the countries care about their economic interests with India, but even the people of these countries are voicing for people of Kashmir. Trust, all nations, and individuals, who care about humanity and value Peace, must stand up to protect the rights of Kashmiri people.
Pakistan extends its full support and stands with any International Organization or platform, any Nation, any Country, any Individual, who stands up for the just cause of Kashmir. It is a principled stand to extend full moral and diplomatic support to Kashmir.
I am scared of Indian desperate behavior, where India is has increased violation of Line-of-Control (LoC), using cluster Bombs, Using Heavy Weapons, Targeting Civilian Population inside Pakistan along the LoC. India has evacuated all foreign tourists and local visitors from Kashmir. Educational Institutions are closed, Media has been stopped from reporting the facts, telephone, mobile and Internet Service has been closed down, Kashmir has been isolated from the rest of the world. One million troops equipped with lethal weapons are controlling 15 million un-armed civilians. Killing, Torturing, Rape, Kidnapping, Arrest and all types of war-crimes are taking place. Draconian Law introduced to shoot at spot any suspect without any legal formalities. Curfew for the last 12 days has made life impossible due to the shortage of food and basic necessities of life. 15 Millions Lives are at stake and at the mercy of the International Community. Indian butchers are ruthless and as a state policy, engaged in genocide.
There are pieces of evidence that India may initiate a war with Pakistan to divert the World-Attention from the deteriorated situation of Kashmir. India may try to hide its war-crimes in Kashmir by engaging Pakistan in a full-scale war. Pakistan Foreign Ministry has issued a statement “The substance and timing of the Indian Defense Minister’s statement are highly unfortunate and reflective of India’s irresponsible and belligerent behavior. It further exposes the pretense of their No First Use policy, to which we have never accorded any credence. No First use pledge is non-verifiable and cannot be taken at face value, especially when the development of offensive capabilities and force postures belie such claims. Pakistan has always proposed measures relating to nuclear restraint in South Asia and has eschewed measures that are offensive in nature. Pakistan will continue to maintain a credible minimum deterrence posture.”
Any misadventure by India may cost a heavy loss to humanity. Its impact may not be limited to Pakistan only but may harm the whole region and the whole world. International Community, must act immediately before it is too late.
China’s Defense Policy: Questions and answers
The Office of the State Council of the People’s Republic of China has published a paper titled the White Paper “National Defense in New Era”. The document is designed to become a response of the Chinese leadership to other countries’ fears over the growing military power of the PRC. The paper outlines the main points of China’s national defense agenda. They envisage the containment of any external aggression, the safety of the population, social stability, protection of the territorial integrity and the marine and space interests of the PRC.
The White Paper for the first time outlines the priorities of the Chinese army in the new era on the basis of the “four strategic pillars”. According to the paper, the Chinese army, acting in accordance with the strategic requirements of national security and development, carries out the assignments set by the Party and the people and provides strategic support for strengthening party leadership and the socialist system and for protecting the sovereignty, unity and territorial integrity of the country. In addition, the army guarantees strategic support to protect the interests of China abroad and contributes to peace and development on the planet.
This document details defense expenditures and their structure. Over the past decades, the PRC has significantly reduced its military spending in proportion to national GDP and the state budget, but has increased its absolute value. In 1979, the country’s defense expenditures accounted for 5.43% of the GDP, while in 2017 – 1.26%. At present, China is the world’s sixth in the ratio of military budget to GDP (after the United States, Russia, India, Britain and France), while it holds second place in the absolute volume of military expenses.
What triggered most interest is the statement under which the Chinese leadership vows to never be the first to use nuclear weapons whatever the circumstances. Beijing, the document says, has no intentions to participate in the nuclear arms race and will maintain and strengthen its nuclear potential only for ensuring national security. “China calls for a complete ban and destruction of nuclear weapons, is not going to compete with any country in an arms race, and will maintain its nuclear potential at a level appropriate to meet the needs of national security,” – the White Paper says.
This provision has caused the greatest number of questions: for one, why, in this case, China refuses to join the Intermediate-Range Nuclear Forces Treaty? What is often mentioned in this regard is that the US President has announced his intention to conclude a large-scale nuclear agreement with Russia and China on arms control. Perhaps, this is possible in the future.
But the important thing is that national defense policy and operational issues of arms control go separate. We remember Barack Obama’s speech on nuclear-free world, which he delivered in Prague in 2010 and for which he received the Nobel Peace Prize. But this did not mean and does not mean that the United States is ready to immediately dump nuclear weapons.
Incidentally, in the 2011 White Paper on Defense Issues, China (the only of the globally recognized nuclear powers) was the first to declare non-use of nuclear weapons. As for Beijing’s participation in disarmament negotiations, it is determined by the balance of strategic deterrence forces worldwide.
That is why, after D. Trump’s statement about the US withdrawal from the Intermediate-Range Nuclear Forces Treaty, China, whose nuclear potential is considerably smaller than that of the US, refused to join the treaty until the two countries’ potentials became, if not equal, then at least comparable. Meanwhile, Beijing will welcome participation in the negotiations of other members of the Nuclear Five – Britain and France, as well as unofficial nuclear powers, such as India and Pakistan.
In addition, it is important to separate such issues as reduction of nuclear weapons and their means of delivery, which comprise ballistic missiles, including medium and short- range. The latter, according to the Chinese doctrine, are classified as strategic weapons.
In general, the White Paper gives you a feeling that China will be ready to join the process of control of nuclear weapons and their means of delivery when the time is right and the relevant conditions are in place. This, in Beijing’s opinion, meets the interests of national security. And the time to do so may well come in the foreseeable future.
From our partner International Affairs
In a Dark Time: The Expected Consequences of an India-Pakistan Nuclear War
Twenty-one years ago, in 1998, Dr. Louis René Beres, Professor Emeritus of International Law at Purdue University, published an authoritative...
Kashmir Once Again Playing out as Diplomatic Theatre at the United Nations
Friday’s closed-door meeting of the UN Security Council on Jammu and Kashmir marked the first time in over 50 years...
In Myanmar, Better Oversight of Forests a Vital Step in Transition to Rule of Law
Authors: Art Blundell and Khin Saw Htay For the first time, the Myanmar Extractive Industries Transparency Initiative (MEITI) has opened...
Presidential elections – 2020, or does Trump have “federal reserve”?
On July 31, the US Federal Reserve’s Open Market Committee cut interest rates – the first such move in 11...
Short Letter vs. Long Telegram: US Ambassador Huntsman Departs Moscow
The resignation of US ambassador to Russia Jon Huntsman is a good occasion to take stock of one of the...
Internship tips from an intern who became an owner and CEO
Internships can be a valuable opportunity to start your full-time working career, and change your life. Fatih Ozmen went from...
Abrogation of Article 370 and Indian Plan for Plebiscite in Jammu & Kashmir
Since 2014 India is being ruled by a Hindu ultra-nationalist party of Bhartiya Jannta Party (BJP) and extremist Narendra Modi...
Middle East1 day ago
“Today Saudi Arabia finally lost the war on Yemen.”
South Asia2 days ago
The Likely Outcome of Narendra Modi’s Unconstitutional Seizure of Kashmir
Americas3 days ago
U.S.-North Korea Nuclear War: Assessing Plausible Risks
Defense2 days ago
Kashmir: A Nuclear Flash Point
East Asia3 days ago
Deeper meanings of the Hong Kong protests: Is China a gamechanger or yet another winner?
Middle East2 days ago
Business and boxing: two sides of the same coin
Americas1 day ago
The third Fox News shock to Trump
Economy2 days ago
The Election Agenda