The war in Ukraine is triggering a re-evaluation of global systemic risk

Published in the World Economic Forum

By Robert Muggah

The world is confronting multiple intersecting geopolitical events with highly unpredictable consequences. Coming in the wake of the global COVID-19 pandemic, the Russian-Ukrainian war is disrupting global financial markets, food security and real economies. Escalating tensions between the US and China are compelling decision-makers to recalculate everything from their strategic alliances to the vulnerability of their supply chains. Making matters even more complicated, looming threats ranging from cyberattacks to climate change and the mounting possibility of nuclear war, including the erosion of norms and rules around acquiring nuclear weapons, are forcing governments, businesses and international organizations to re-evaluate risk in fundamentally new ways.

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