November 7, 2014

Inequality, joblessness are top threats in 2015, World Economic Forum experts say

FT_WEF-top-trends

Growing economic inequality, increasing joblessness, global pollution and severe weather events are among the world’s most pressing threats, according to a report released today by the World Economic Forum’s Global Agenda Councils, which surveyed 1,767 leaders from academia, business, government and non-profits.

Here’s a look at how the report ranked the top threats, along with public views around the world on select topics:

1 Deepening income inequality — While wealth is rapidly increasing in developing nations, and advanced economies struggle with stagnation, there is great concern about rising economic inequality in all parts of the world, particularly in Asia, according to the Global Agenda survey. The Outlook 2015 report suggests renewed focus on improved education, tax policy and job creation as ways to alleviate the problem. Pew Research Center’s own findings show that majorities in all of the 44 nations surveyed say inequality is a big problem facing their countries

2 Persistent jobless growth – Harvard professor Larry Summers writes that this global threat is brought on, in part, by technological changes, and that “automation is certainly the biggest single contributing factor” to the problem. Our 2014 #web25 survey of technology experts found that half envision a future in which robots and digital agents have displaced significant numbers of both blue- and white-collar workers.

3 Lack of leadership – Shiza Shahid, co-founder of the Malala Fund, points out that “a startling 86% of respondents to the Survey on the Global Agenda agree that we have a leadership crisis in the world today” and points to corruption in emerging and developing economies as a major reason why. Our recent survey finds a median of 76% across 34 emerging and developing nations say corrupt political leaders are a very big problem in their countries and that bribes are seen as important for getting ahead in life in certain countries.

Growing concern about disputes with China4 Rising geostrategic competition –Global Agenda survey respondents are particularly concerned about the potential for geopolitical conflict in the next 12-18 months in Asia, but security worries are also high in Europe and the Middle East. Pew Research’s public opinion survey in Asia shows many are concerned that territorial disputes with China and neighboring countries could lead to a military conflict.

5Weakening of democracy – While the greatest concern for the future of representative democracy comes from those in the Middle East and North Africa, there is also cause for concern in Europe. Our spring survey, before the European Union elections, found that a median of 71% across the seven EU countries surveyed said their voice does not count in the EU and 65% said the EU does not understand the needs of its citizens.

6 Rising pollution in the developing world – Once again, Asian respondents to the Global Agenda survey are more concerned about air pollution than other regions. But across 34 emerging and developing nations that we surveyed, including nine in Asia, a median of 54% see air pollution as a problem in their countries.

global concerns climate change as threat7 Increasing occurrence of severe weather events– An increase in these high-intensity events is characterized as “a major consequence of climate change” by Adil Najam, a Dean of Global Studies at Boston University. Concern about climate change as a threat is particularly prevalent in Latin America, Asia, Europe and Africa, but people in the Middle East and the United States are less concerned.

8 Intensifying nationalism – Gordon Brown, the former British Prime Minister, worries about growing nationalism in the United Kingdom and elsewhere, saying “we don’t need to sever connections between each other to thrive in the modern world.” With the recent closeness of the Scottish Referendum and plans for a similar vote in Catalonia, Global Agenda respondents were most concerned about an increase in nationalism in Europe.

health care, crime corruption top problems around world9 Increasing water stress – The regions most affected by water stress are located in the Middle East and North Africa and Central and Western Asia. Additionally, a Pew Research Center survey found that Middle Easterners are worried about water pollution, with 87% in Tunisia and 80% in Lebanon saying it is a very big problem.

10 Growing importance of health in the economy – As developing nations grow, health care spending in those countries is also expected to increase. In fact, the most important problem facing the emerging and developing economies in our survey, after economic issues, corruption and crime, is health care. A median of 59% across 34 nations say it is a very big problem in their country.

Topics: Income Inequality

  1. Photo of Jacob Poushter

    is a senior researcher focusing on global attitudes at Pew Research Center.

5 Comments

  1. Roland Dumbell1 year ago

    Astonishing biased view to argue that separatist movement are due to increasing nationalism looking for isolation. Most of the places looking for independence are more open inclusive and cosmopolitan than the countries hosting them, and aim to stay this way.
    This is rather a consequence of poor governance from central governments.
    Welcome to as many new states as possible such as the Baltic republics, Slovenia or Croatia, No point of comparison with the former USSR or Yugoslavia.

    Amazing that the forum allows partisan views ship from Gordon Brown to dominate the agenda. it absolutely diminishes its value

  2. Gamal Abdel-Ghany2 years ago

    The most important problem our world face and ashamedly is not even mentioned in your report is POVERTY getting increased in our world.

  3. Payton Robbins2 years ago

    You know what I don’t understand, how come I make fifty-dollars a day; that’s if I am lucky, working eight hours within that day, but go hungry most of the time as an honest person living in America with writing and computer tech skills.

    Both my parents can hardly write and have limited reading ability but both make much more than I will over my entire life time, and I left the nest and tried to join the real world only to be marginalized by society at an early age, only to continue to be marginalized later in life even after further bettering myself.

    What does someone like me have to do to earn more than fifty-dollars a day, no children, to be able to afford to take care of ourselves, is it even possible?
    I am a dyslexic and society has done me an injustice. I was also born into poverty and grew up in a dysfunctional house with much abuse, it’s like society is breeding me into being a criminal.

  4. Robert White2 years ago

    Larry Summers assisted in the deregulation of Glass-Steagall so that the oligopoly he belongs to would be able to run their Financialization schemes and Casino Capitalism
    at a cost to the taxpayers and not to Investment Banks. Glass-Steagall was the only thing in the way of The Committee to Rule The World [see Time Magazine] and their hegemony
    to oppress all nations and all people throughout the world. In terms of automation, the good doctor should be disclosing how deregulation lined his pockets, feathered his nest, and created all the financial disparity we see in markets and nations since Glass-Steagall
    was deinstitutionalized and replaced with totalitarianism dictatorship that Professor Summers happens to control. Imagine that Summers was the BORG and instead of giving you an ultimatum he has opted for propaganda and a well armed police state. Neo-Liberals, and neo-liberalism, have come a long way, baby. Get hip to their tricks and study Propaganda via Jaques Ellul and other great theorists before these jokers steal another dime for their collective bank accounts in the ruling classless kleptocracy.

  5. Ramachandran ramasamy2 years ago

    World Economic Forum tailored some parameters such as inequality , joblessness will be top threats in 2015. It is the duty of every nation to subdueing the level of above threats for peaceful coexistence of mankind