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Pandemic

Global Risks Report 2023

Date of Editorial Board meeting: 
Publication date: 
Wednesday, January 11, 2023
Abstract in English: 
The world faces a set of risks that feel both wholly new and eerily familiar. The Global Risks Report 2023 explores some of the most severe risks we may face over the next decade.
As we stand on the edge of a low-growth and low-cooperation era, tougher trade-offs risk eroding climate action, human development and future resilience.
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98
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Munich Security Report 2022: Turning the Tide – Unlearning Helplessness

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Munich Security Report 2022: Turning the Tide – Unlearning Helplessness
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Date of Editorial Board meeting: 
Publication date: 
Monday, February 14, 2022
Abstract in English: 
2021 was clearly not a year for geopolitical optimism. Almost every month, a new crisis dominated the news, contributing to a sense that this mounting tide of crises threatens to overwhelm us. Against this backdrop, it is not surprising that in Europe and beyond, concern about a growing loss of control is prevalent. In fact, findings from the Munich Security Index 2022 not only reflect the high level of risk perceived by respondents in the G7 and BRICS countries; they also suggest the emergence of “collective helplessness” in the face of a plethora of crises that reinforce each other. Just like people can suffer from “learned helplessness” – a psychological term describing the feeling that nothing one does can effect positive change – societies, too, may come to believe that they are unable to get a grip on the challenges they are facing. Whether it is the seemingly endless pandemic, the increasingly tangible threat of climate change, the vexing vulnerabilities of an interconnected world, or increasing geopolitical tensions, all these challenges contribute to a feeling of a loss of control. Liberal democracies appear to feel particularly overwhelmed. This perception is highly dangerous because it can turn into a self-fulfilling prophecy. Societies that have concluded that they cannot solve humankind’s most challenging problems might no longer even try to turn the tide. Will our stressed and overburdened societies end up accepting what they see as their fate, although they have the tools and resources to change it? Unfortunately, 2021 overall did not alleviate these concerns. With the chaotic withdrawal from Afghanistan, for instance, the past year has also reinvigorated a debate about what international interventions are able to realistically accomplish. In light of the limited achievements of the United States and its partners in Afghanistan, hard questions arise about the West’s ability to build capable, legitimate state structures and promote stability elsewhere in the world. As Afghanistan now finds itself on the brink of the world’s worst humanitarian crisis, with civil liberties being severely restricted under Taliban rule, the investments of two decades of external intervention are at risk. While the West has ended an “endless war,” people in Afghanistan are looking toward an uncertain future.
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182
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International comparisons of the measurement of non-market output during the COVID-19 pandemic

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International comparisons of the measurement of non-market output during the COVID-19 pandemic
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Date of Editorial Board meeting: 
Publication date: 
Monday, February 21, 2022
Abstract in English: 
The measurement of non-market output, characterised by providing goods and services without economically significant prices, has always proved challenging for compilers of the National Accounts. Various approaches are available to meet these challenges, often resulting in slight differences in methodology between countries. Government policies, introduced in response to the coronavirus (COVID-19) pandemic exacerbated some of these existing differences, potentially influencing the GDP estimates across countries. This joint paper by the United Kingdom Office for National Statistics (ONS) and the Organisation for Economic Cooperation and Development (OECD) explains the methodological options available to statistical compilers and explores differences in methodologies used by countries to measure non-market output, analysing their implications for international comparisons of GDP growth during the COVID-19 pandemic.
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42
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El Gran Giro de América Latina

Title Original Language: 
El Gran Giro de América Latina
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Date of Editorial Board meeting: 
Publication date: 
Thursday, May 27, 2021
Abstract in English: 
This book analyses the structural and short-term causes of Latin America´s crisis and build scenarios of alternative post-pandemic trajectories. The authors show that the optimal scenario requires a Great Turn of fundamental transformations to build full democratic governance and move towards a sustainable future.
By Sergio BITAR, Jorge Máttar, Javier Medina.
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168
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Towards a more resilient Europe post-coronavirus: Capabilities and gaps in the EU's capacity to address structural risks

Date of Editorial Board meeting: 
Publication date: 
Thursday, October 1, 2020
Abstract in English: 
The current coronavirus crisis emphasises the need for the European Union to devote more effort to anticipatory governance, notably through analysis of medium- and long-term global trends, as well as structured contingency planning and the stress-testing of existing and future policies. In order to contribute to reflection on and discussion about the implications of the coronavirus pandemic for EU policy-making, this paper builds on an initial 'mapping' of some 66 potential structural risks which could confront Europe over the coming decade. Taking 33 risks which are assessed as being more significant or likely, it looks first at the capabilities which the EU and its Member States already have to address those risks, and then looks at the various gaps in policy and instruments at the Union's disposal, suggesting possible approaches to overcome them in the short and medium terms.
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114
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Towards a more resilient Europe post-coronavirus: An initial mapping of structural risks facing the EU

Date of Editorial Board meeting: 
Publication date: 
Monday, July 20, 2020
Abstract in English: 
The current coronavirus crisis emphasises the need for the European Union to devote more effort to anticipatory governance, notably through analysis of medium- and long-term global trends, as well as structured contingency planning and the stress-testing of existing and future policies. In order to contribute to reflection on, and discussion about, the implications of the coronavirus pandemic for EU policy-making, this paper offers an initial ‘mapping’ of some of the potential structural risks which could confront Europe over the coming decade, with 66 such risks analysed briefly in a series of short notes. The document then goes on to take a closer look at some of the more immediate risks to be considered in the near term and outlines possible EU action to prevent or mitigate them over the remainder of the 2019-24 institutional cycle.
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100
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Outbreak Readiness and Business Impact. Protecting Lives and Livelihoods across the Global Economy

Title Original Language: 
Outbreak Readiness and Business ImpactProtecting Lives and Livelihoods across the Global Economy
Original Language: 
Date of Editorial Board meeting: 
Publication date: 
Wednesday, March 11, 2020
Abstract in English: 
The fable of the boiling frog provides a salutary lesson for business leaders. In this apocryphal story, a frog placed in cold water remains in the water as the temperature is gradually increased to boiling. In failing to notice the gradual but real change in its circumstances, the frog dooms itself to a catastrophic ending. Although frogs do not behave this way in real life, humans often do. Neurobiologically conditioned, as we are, to pay attention to stark contrasts and sudden changes, we often overlook slow moving changes in our environments that may herald disastrous consequences.The evolution of infectious disease risk is one such change. As this report explains, the number and diversity of infectious disease outbreaks are gradually but inexorably increasing, as is their capacity to send shocks through our global economic systems. As we travel, trade and communicate across an increasingly hyperconnected global economy, more and more companies will find themselves exposed to the effects of outbreaks that begin thousands of miles away.
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22
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