Global Risks Assessment Project with Zurich Insurance
The globalization of value chains, greater financial integration, rapid urbanization, and the pervasiveness of the Internet have accelerated worldwide economic growth in the last few decades. Unfortunately, these developments have also the potential to significantly increase the vulnerability of our societies to external shocks and global crises. An obvious example is the recent financial crisis, which resulted in the destruction of wealth and long-term growth prospects. Over 2015 and 2016, this project will address these unsustainable developments to better understand the relationship of risk to economic growth. In the first year, using quantitative and qualitative frameworks, the group is assessing the impact of accumulated downside cyber risks on upside opportunities for economic growth. In the second year, the team will evaluate the impacts of geopolitical and demographic risks. This project is a collaboration between the Brent Scowcroft Center on International Security’s Foresight, Strategy, and Risks Initiative and Cyber Statecraft Initiative and the University of Denver’s Pardee Center on International Futures with generous support from Zurich Insurance.