The World Economic Forum’s Global Risks 2015 report highlights the most significant long-term risks worldwide. It emphasises that economic risks have been overtaken by environmental and geopolitical concerns. The report identifies interstate conflicts as the number one global risk in terms of likelihood, while water crises are the top risk in terms of impact. It also flags up the failure of climate change mitigation and adaptation as a risk that could have far-reaching consequences. The report points out that the interconnected nature of these risks can lead to a systemic failure. Rapid and unplanned urbanisation in developing countries, the report suggests, is a key trend that will shape global development over the next decade. It also highlights the importance of young people’s role in shaping the future, as they will be most affected by these long-term risks. The report calls for collaboration between various sectors to tackle these global challenges.

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