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GLOBAL RISKS AND RESILIENCE STUDYING - Coggle Diagram
GLOBAL RISKS AND RESILIENCE STUDYING
Geopolitical and Economic Risks
Cybersecurity threats to Individuals and businesses (hacking, Identity theft, surveillance)
Nation-sponsored cyber attacks are when hackers have a 'license to hack'. They work for a government and work to attack/disrupt other governments. Gaining access to valuable data/intelligence has International Implications
Case study: 2014 hacking of Sony Pictures
North Korea hacked Sony Pictures In response to a movie 'The Interview' that they deemed offensive
The hackers worked for the government and were able to access International data, communications and media which they leaked online
The USA applied additional sanctions against the country and specific Individuals following the Incident
Repatriation of profits & tax avoidance by TNCs/wealthy Individuals
Repatriation of profits: When multinational companies bring their overseas earnings back to their home country
Tax avoidance: the arrangement of one's financial affairs to minimize tax liability within the law.
Increased globalization and Nationalism, Tribalization, Populism and Jingoism
Populism: The idea that every political decision in a democracy should reflect what the majority of citizens believe, not what of politicians believe.
Citizens were primarily responsible for the Brexit decision despite politicians and economic experts advising against It. The General population was Influenced by economic crisis, tech advancements and Increased globalization In their lifetime.
Nationalism: A political movement focused on national independence or the abandonment of policies that are viewed by some people as a threat to national sovereignty or national culture.
Brexit - People are worried that free trade and other elements of globalization are undermining sovereignty
Not always nationalism fueled by racism or ant immigration rather it is a need to control globalization and a country's future
Jingoism: extreme patriotism, especially in the form of aggressive or warlike foreign policy.
Tribalization: The rise of 'us and them' political movements, which are often opposed to globalization or Westernization.
Environmental Risks
Transboundary Pollution
Environmental Issues linked to the global shift of Industry
Local and global resilience
Strategies to build resilience
Re-shoring of economic activities by TNCs
Crowdsourcing technology
Cybersecurity
