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Delivering Digital Infrastructure

May 7, 2014 Comments off

Delivering Digital Infrastructure
Source: World Economic Forum/Boston Consulting Group

The Internet is the essential infrastructure of the twenty-first century. It is as revolutionary in its effects on how people live, work, play, and interact as transportation, energy, and telephony were in the past. For billions of people already—and for billions more to come—life without digital interaction is all but unthinkable.

But suppose the unthinkable were to happen. Imagine that the infrastructure fails. Picture a bridge with a fractured support. Or a pipeline slowed to a trickle. Or an electrical grid that functions only intermittently. Such infrastructure-related realities occur all too frequently—and they represent big daily headaches and economic impediments for the people who must contend with them.

The costly and complex infrastructure that carries the traffic to make digital services possible is hardly immune to similar headaches and impediments. As the World Wide Web passes its twenty-fifth birthday, the volume of traffic that its infrastructure must carry is exploding at an exponential rate. This infrastructure is under strain; it needs investment and maintenance. It has limitations in reach, penetration, and capacity that can only be overcome through innovations. Perhaps most important, it needs the continuing collaboration of its own ecosystem of participants—companies, governments, users, and other parties—to keep pace with the increasing demands being placed upon it.

A new report by the World Economic Forum, written in collaboration with The Boston Consulting Group, Delivering Digital Infrastructure: Advancing the Internet Economy, is the first to undertake a comprehensive examination of the present threats to digital infrastructure with input from representatives of all affected stakeholder groups. These stakeholders include communications services providers (CSPs), content and digital-services companies, and hardware manufacturers active in the U.S., Europe, Latin America, Africa, and Asia. They also include government representatives and NGOs.

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WEF — Increased Cyber Security Can Save Global Economy Trillions

January 30, 2014 Comments off

Increased Cyber Security Can Save Global Economy Trillions
Source: World Economic Forum

Failing to improve cyber security could cost the world economy and lead to more frequent cyberattacks, according to a new report released today by the World Economic Forum in collaboration with McKinsey & Company.

The Risk and Responsibility in a Hyperconnected World report addresses options that institutions can take to improve cyber resilience and mitigate the economic and strategic impact of such attacks. With the recent proliferation of cyberattacks, corporate executives need to devote increasing attention to protecting information assets and on-line operations.

The report notes that major technology trends, including massive analytics, cloud computing and big data, could create between US$ 9.6 trillion and $US 21.6 trillion in value for the global economy. However, if attacker sophistication outpaces defender capabilities – resulting in more destructive attacks – a wave of new regulations and corporate policies could slow innovation, with an aggregate impact of approximately US$ 3 trillion by 2020.

WEF — Seven Principles for Adapting to the New Digital World

January 29, 2014 Comments off

Seven Principles for Adapting to the New Digital World
Source: World Economic Forum

  • New principles developed through World Economic Forum call for global collaboration to address the borderless nature of digital media
  • Internet users report relatively low awareness of laws regulating the use of digital content
  • Over 100 experts from media and technology industry, government, civil society and thought leaders, including innovators and artists, contributed to the principles

WEF — Global Risks 2014

January 23, 2014 Comments off

Global Risks 2014
Source: World Economic Forum
From press release:

The chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade, according to over 700 global experts that contributed to the World Economic Forum’s Global Risks 2014 report, released today.

Taking a 10-year outlook, the report assesses 31 risks that are global in nature and have the potential to cause significant negative impact across entire countries and industries if they take place. The risks are grouped under five classifications – economic, environmental, geopolitical, societal and technological – and measured in terms of their likelihood and potential impact.

Most likely global risks: After income disparity, experts see extreme weather events as the global risk next most likely to cause systemic shock on a global scale. This is followed by unemployment and underemployment, climate change and cyberattacks.

Most potentially impactful global risks: Fiscal crises feature as the global risk that experts believe has the potential to have the biggest impact on systems and countries over the course of the next 10 years. This economic risk is followed by two environmental risks – climate change and water crises – then unemployment and underemployment, and then critical information infrastructure breakdown, a technological risk.

Income Gap and Unemployment to Dominate International Agenda in 2014

November 15, 2013 Comments off

Income Gap and Unemployment to Dominate International Agenda in 2014
Source: World Economic Forum

An urgent need to address long-simmering economic problems such as widening income gaps and structural unemployment, coupled with growing concerns over the quality of economic policies and tension in the Middle East and North Africa, rank among the Top 10 trends for world leaders in 2014, according to the World Economic Forum’s Outlook on the Global Agenda, which is published today. These economic trends are accompanied by a broad swathe of concerns, including inaction on climate change and a lack of values in leadership, that demonstrate the complexity and interrelatedness of the challenges for leaders in the year ahead.

The findings of the Outlook come from a survey of more than 1,500 experts from the World Economic Forum’s Network of Global Agenda Councils and the Forum’s Young Global Leaders and Global Shapers communities. As well as indicating the emerging trends for the year ahead, the survey also attempts to map the connections between them, with the aim of helping leaders and policy-makers formulate effective responses.

The Global Gender Gap Report 2013

October 28, 2013 Comments off

The Global Gender Gap Report 2013
Source: World Economic Forum

The Global Gender Gap Index introduced by the World Economic Forum in 2006, is a framework for capturing the magnitude and scope of gender-based disparities and tracking their progress. The Index benchmarks national gender gaps on economic, political, education- and health-based criteria, and provides country rankings that allow for effective comparisons across regions and income groups, and over time. The rankings are designed to create greater awareness among a global audience of the challenges posed by gender gaps and the opportunities created by reducing them. The methodology and quantitative analysis behind the rankings are intended to serve as a basis for designing effective measures for reducing gender gaps.

The Index is designed to measure gender-based gaps in access to resources and opportunities in individual countries rather than the actual levels of the available resources and opportunities in those countries. We do this in order to make the Global Gender Gap Index independent from countries’ the levels of development. In other words, the Index is constructed to rank countries on their gender gaps not on their development level.

New Index Identifies Countries’ Ability to Develop and Nurture Human Capital

October 2, 2013 Comments off

New Index Identifies Countries’ Ability to Develop and Nurture Human Capital
Source: World Economic Forum

The World Economic Forum’s first Human Capital Index has identified the most successful countries in the world when it comes to maximizing the long-term economic potential of their respective labour forces. The Index, which measures countries on their ability to develop and deploy healthy, educated and able workers through four distinct pillars: Education; Health and Wellness; Workforce and Employment; and Enabling Environment, finds Switzerland ranked number one overall, followed by Finland (2) and Singapore (3). Six of the remaining seven countries in the top 10 are in northern Europe, including Germany (6) and the United Kingdom (8).

The Index’s 122-country ranking, which forms the basis of the Human Capital report, also finds strong performances from countries in North America, Asia and the Middle East. Canada enters the Index in tenth position, while Japan (15) and the United States (16) are solidly established in the top 20. Qatar, at 18, is the strongest performing economy in the Middle East and North Africa.

The Global Gender Gap Report 2012

October 25, 2012 Comments off

The Global Gender Gap Report 2012 (PDF)

World Economic Forum

From blog:

The newly released Global Gender Gap Report by the World Economic Forum signifies progress, but reveals that there remains much to be done to ensure equal access to education, particularly in less developed countries. A trained and empowered workforce leads to economic growth, but without investing in half of that workforce – girls and women – we undermine the global economy by ceding their collective talents and leadership.

USAID estimates that when 10 percent more girls attend school, a country’s GDP increases an average of 3 percent. Yet, when the majority of the world’s labor force is female, uneducated and underpaid, it is clear that something must change if women are to lift themselves, and their countries, out of poverty.

We know that for every year a girl is educated beyond the average, her wages increase by 15 percent, which in turn benefits her family, community and society. Yet, two-thirds of the world’s 775 million illiterate are women, 98 percent living in the developing world.

Euro, Dollar, Yuan Uncertainties Scenarios on the Future of the International Monetary System

June 25, 2012 Comments off

Euro, Dollar, Yuan Uncertainties: Scenarios on the Future of the International Monetary System (PDF)
Source: World Economic Forum

The rapid integration of global trade and capital flows over the past decades has made the links that connect different parts of the world economy ever more central to global prosperity. Yet the practices and institutions that regulate these links – the international monetary system – as well as the main international currencies that underpin this system are increasingly challenged.

Against this backdrop, it is clear the current dollar-based international monetary system needs to evolve. But how it will evolve is highly uncertain. The widespread view is that the world is moving towards a multipolar currency system based on the euro, dollar and yuan. But each of these currency areas faces the need for significant internal adjustments that constrain their future international roles:

  • The Eurozone is plagued by a weak governance structure, fragmented sovereign debt markets and an uncertain growth outlook.
  • The United States must contend with a dim fiscal position, a persistently large trade deficit and a political system at risk of resorting to protectionism.
  • If the yuan is to rise to international significance, China will have to ensure continued growth, resolve systemic weaknesses in its financial system and address limitations stemming from its system of capital controls.

These adjustment processes play out as complex two-level games. While at the global level synchronous and coordinated adjustments between individual players may be desirable, the challenges they face at the national and regional levels may direct them to take decisions that can lead to sub-optimal global outcomes.

This report explores the critical uncertainties underlying the future international roles of the euro, the dollar and the yuan and posits three plausible and divergent scenarios for the international monetary system in 2030, based on policy choices in each of the currency areas.

The Future of Manufacturing

May 2, 2012 Comments off
Source:  World Economic Forum
Talent, the ability to innovate and the strategic use of public policy will play a significant role in defining manufacturing sector competitiveness in developed and emerging economies going forward, finds The Future of Manufacturing, a report by the World Economic Forum. Written in collaboration with Deloitte Touche Tohmatsu Limited, the study finds that the global manufacturing ecosystem is undergoing a dramatic transformation, with many emerging economies developing significant manufacturing and innovation capabilities, enabling them to produce increasingly complex products, leading to the globalization of manufacturing supply chains. Fading labour rate arbitrage, exposure to currency volatility, sovereign debt pressures and emerging protectionist policies will be countervailing forces to further globalization of manufacturing value chains.
+ Full Report (PDF)
The report highlights the key trends that will define manufacturing competition over the next 20 years and which will require the attention and collaboration of policy-makers, civil society and business leaders. With an estimated 10 million jobs with manufacturing organizations worldwide that cannot be filled today due to a growing skills gap, the report identifies talent as one of the key differentiators that will define the future of the sector. The other top differentiators identified in the report include the strategic use of public policy and the ability to innovate. The infrastructure necessary to enable manufacturing to flourish and contribute to job growth will grow in importance and sophistication and be challenging for countries to develop and maintain. Growing materials resources competition and scarcity will fundamentally alter country and company resources strategies and competition, and serve as a catalyst to significant materials sciences breakthroughs.

Global Risks 2012 – The Risk Landscape

January 23, 2012 Comments off

Global Risks 2012 – The Risk Landscape
Source: World Economic Forum

Global Risks 2012 is based on input from 469 experts and industry leaders on the perceived impact and likelihood of 50 prevalent global risks. This seventh edition indicates increased concern with socio-economic risks, whereas environmental risks were the prevalent concern in last year’s report. Global Risks 2012 highlights three “risk cases” that show how some interconnected global risks are already manifesting: Seeds of Dystopia, Unsafe Safeguards and The Dark Side of Connectivity.

The Global Economic Burden of Non-communicable Diseases

September 29, 2011 Comments off

The Global Economic Burden of Non-communicable Diseases (PDF)
Source: World Economic Forum and Harvard School of Public Health

Non-communicable diseases have been established as a clear threat not only to human health, but also to development and economic growth. Claiming 63% of all deaths, these diseases are currently the world’s main killer. Eighty percent of these deaths now occur in low- and middle-income countries. Half of those who die of chronic non-communicable diseases are in the prime of their productive years, and thus, the disability imposed and the lives lost are also endangering industry competitiveness across borders.

Recognizing that building a solid economic argument is ever more crucial in times of financial crisis, this report brings to the global debate fundamental evidence which had previously been missing: an account of the overall costs of NCDs, including what specific impact NCDs might have on economic growth. The evidence gathered is compelling. Over the next 20 years, NCDs will cost more than US$ 30 trillion, representing 48% of global GDP in 2010, and pushing millions of people below the poverty line. Mental health conditions alone will account for the loss of an additional US$16.1 trillion over this time span, with dramatic impact on productivity and quality of life.

By contrast, mounting evidence highlights how millions of deaths can be averted and economic losses reduced by billions of dollars if added focus is put on prevention. A recent World Health Organization report underlines that population-based measures for reducing tobacco and harmful alcohol use, as well as unhealthy diet and physical inactivity, are estimated to cost US$ 2 billion per year for all low- and middle-income countries, which in fact translates to less than US$ 0.40 per person.

The rise in the prevalence and significance of NCDs is the result of complex interaction between health, economic growth and development, and it is strongly associated with universal trends such as ageing of the global population, rapid unplanned urbanization and the globalization of unhealthy lifestyles. In addition to the tremendous demands that these diseases place on social welfare and health systems, they also cause decreased productivity in the workplace, prolonged disability and diminished resources within families.

The results are unequivocal: a unified front is needed to turn the tide on NCDs. Governments, but also civil society and the private sector must commit to the highest level of engagement in combatting these diseases and their rising economic burden. Global business leaders are acutely aware of the problems posed by NCDs. A survey of business executives from around the world, conducted by the World Economic Forum since 2009, identified NCDs as one of the leading threats to global economic growth. Therefore, it is also important for the private sector to have a strategic vision on how to fulfill its role as a key agent for change and how to facilitate the adoption of healthier lifestyles not only by consumers, but also by employees. The need to create a global vision and a common understanding of the action required by all sectors and stakeholders in society has reached top priority on the global agenda this year, with the United Nations General Assembly convening a High-Level Meeting on the prevention and control of NCDs.

Global Entrepreneurship and Successful Growth Strategies of Early-Stage Companies

July 18, 2011 Comments off

Global Entrepreneurship and Successful Growth Strategies of Early-Stage Companies (PDF)
Source: World Economic Forum

According to the Global Entrepreneurship and Successful Growth Strategies of Early-Stage Companies report, released by the World Economic Forum in collaboration with Stanford University and Endeavor Global, the top 1% of companies from among 380,000 companies reviewed across 10 countries contribute 44% of total revenue and 40% of total jobs while the top 5% contribute 72% of total revenue and 67% of total jobs.

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