World Economic Forum developing risk network to aid global crisis management
Jan 28, 2011
A Risk Response Network was launched on Wednesday at the opening of the 2011 World Economic Forum, a tool meant to help governments, organizations and companies preempt various crises related to food security and financial woes.
"Over the past several years, the world has been very reactive. If you look at the number of crises that have hit from financial to social to economic ones, almost everybody has felt they've been trying to avoid falling off the cliff. One of the moods we're starting to see here in Davos is the sense we need to be more proactive. We need to think about risk not only in terms of responding to events after the fact but structuring our thinking before, being prepared," WEF chief operating officer Kevin Steinberg told Reuters.
The network will provide widespread access to risk assessment officials who have the expertise to predict and prevent future threats, including the WEF's existing analysts and experts.
According to the news source, the WEF's 2011 Global Risks report found that the world is more vulnerable to emergencies than it has been in 50 years.