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Risk: A real or perceived threat against any aspect of social or economic…
Risk:
A real or perceived threat against any aspect of social or economic life.
Economic Risks
Physical
- Geophysical hazards and climate emergency.
Technological
- Computer viruses and hacking
Moral
- Unethical actions of outsourcing suppliers
Economic
- Asset bubbles (artificial prosperity during boom), when they burst, they can drag entire economy into recession.
Biological
- Pandemics
Geopolitical Risks
Classified Three Global Risks
How technological and globalizing
processes
create new geopolitical and economic risks for individual and societies?
- Threats to individuals and businesses:
1. hacking, identity theft and the implications of surveillance for personal freedoms 2. political, economic and physical risks to global supply chain flows
Individuals -
1.
Text messages, email, and online comments victim includes school children, celebrities, politicians, journalists and political compainers.
2.
Spam emails may contain harmful computer viruses.
3.
Widely available violent and inappropriate imagery can cause psychological damages
4
. some influencers encourage self harm or engage in other dangerous activities like promotion of illegal apps etc
Businesses
-
1.
Music and film industries suffer great profit losses on account of free file-sharing in a post DVD world.
2.
Unbeatable price competition brough by Amazon to high street retailers in many countries.
-
New emerging threats to the political and economic sovereignty of states
1. profit repatriation and tax avoidance by TNCs and wealthy individuals 2. disruptive technological innovations, such as drones and 3D printing
- The correlation between
increased globalization and renewed nationalism/tribalization
Case Study 1:
Anti-globalization tensions in the Global North
Case Study 2:
Conflict in the Global South
Environmental Risks
How global interactions create environmental risks for particular
places
and people?
- Transboundary po;;ution (TBP) affecting a large area/more than one country
Case study:
TBP case study including consequences and possible responses
- Environmental impacts of global flows at varying scale
1. localized pollution, including impacts along shipping lanes 2. carbon footprints for global flows of food, goods and people
- Environmental issues linked with the global shift of industry
1. polluting manufacturing industries 2. food production systems for global agribusiness
Geopolitical
- Conflict and Regime changes
Common Hazards/Risks
Unit 6 -
Global Risks & Resilience