Saturday, September 20, 2008

Inglorious uncertainties!


The economic scenario in the new year appears to be dark

Dark clouds, which had begun to hover over US economy towards the fag end of 2007 are beginning to spread, engulfing developed & developing economies across the globe. The all pervasive dollar decline coupled with food shortages across the globe are the chief causes of concern in the recently released Global Risk Report 2008, released ahead of the ongoing World Economic Form summit. “The discussions in Davos will certainly be dominated by the economic challenges we have at the moment,” says Klaus Schwab, the founder of the Davos forum.

“The report projects an increase in the likelihood of pandemic risk materialising. What makes the risk even more challenging to meet is the fact that their is lack of awareness among the populations in developing countries with regards to the economic consequences of Pandemic outbreaks,” says B. S. Nagaraj, Practice Head-Public Policy & Risk Management, Hill & Associates (India) Private Limited while speaking to B&E. The theme at this years’ meet at Davos has aptly been titled: “The power of collaborative innovation.” All said and done, the leaders will have to be extra innovative to prevent the global capitalism from adopting protectionism.

B&E edit bureau: Atul Bharadwaj

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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