+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

These charts reveal the depressing transformation in world risks from the credit crunch to the refugee crisis

Jan 14, 2016, 16:16 IST

The World Economic Forum just dropped its highly anticipated Global Risks Report 2016 ahead of its annual conference in Davos, Switzerland next week.

Advertisement

The Global Risks Report 2016 analyses the perceived impact and likelihood of 29 prevalent global risks over a 10-year timeframe. It is conducted by 750 experts from the economic, environmental, geopolitical, societal and tech sectors.

However, nestled within the huge report are a few charts which demonstrate how cataclysmic events since the onset of the credit crisis have arguably all interwoven into one another, to eventually result in the greatest risk to the world we have today - involuntary mass migration - in other words, the refugee crisis.

Firstly, take a look at the biggest and most likely risks for the years that encompassed the credit crunch and then the European sovereign debt crisis:

WEF

Advertisement

Apart from the year of storms and cyclones, there's been a pretty clear state of affairs about what were the biggest risks, all financial.

This then led to a long period of income disparity - for example, the rich were still rich but the poor were just getting poorer, due to the recession and austerity measures undertaken by many countries around the world. However, that was then replaced by unrest and wars across the globe which, in turn has led to the immigration crisis:

WEF

Last year marked one of the worst periods for forced migration in history. In fact, in 2015, Europe experienced the worst refugee crisis since World War II. United Nations data shows that the number of people forcibly displaced in 2014 stood at 59.5 million, almost 50% more than in 1940.

In 2015, more than one million refugees and migrants reached Europe by sea alone. This is versus 219,000 in 2014.

Advertisement

So you can understand the magnitude of the issue. This WEF chart from the report shows the rapid escalation of risk it poses to the world:

WEF

NOW WATCH: Everyday phrases that even smart people say incorrectly

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article