Public Risk

Beyond coronavirus: The path to the next normal

Kevin Sneader and Shubham Singhal. The coronavirus is not only a health crisis of immense proportion—it’s also an imminent restructuring of the global economic order. Here’s how leaders can begin navigating to what’s next. “For some organizations, near-term survival is the only agenda item. Others are peering through the fog of uncertainty, thinking about how to position themselves once the […]

The seven early lessons of the global coronavirus crisis

Ivan Krastev | NewStatesman These are strange days we are living in. We do not know when the Covid-19 pandemic will end; we do not know how it will end; and, at present, we can only speculate about its long-term political and economic impact. Historians are clear: epidemics are events, not trends. As the historian of medicine Charles Rosenberg has put […]

Before Virus Outbreak, a Cascade of Warnings Went Unheeded

David E. Sanger, Eric Lipton, Eileen Sullivan and Michael Crowley Government exercises, including one last year, made clear that the U.S. was not ready for a pandemic like the coronavirus. But little was done. The outbreak of the respiratory virus began in China and was quickly spread around the world by air travelers, who ran high fevers. In the United […]

Leadership in a crisis: Responding to the coronavirus outbreak and future challenges

Gemma D’Auria and Aaron De Smet The coronavirus pandemic has placed extraordinary demands on leaders in business and beyond. The humanitarian toll taken by COVID-19 creates fear among employees and other stakeholders. The massive scale of the outbreak and its sheer unpredictability make it challenging for executives to respond. Indeed, the outbreak has the hallmarks of a “landscape scale” crisis: […]

The Last Time Democracy Almost Died

Jill Lepore The last time democracy nearly died all over the world and almost all at once, Americans argued about it, and then they tried to fix it. “The future of democracy is topic number one in the animated discussion going on all over America,” a contributor to the New York Times wrote in 1937.  Read more

Global Risks Report 2020

The report is published as critical risks are manifesting. The global economy is facing an increased risk of stagnation, climate change is striking harder and more rapidly than expected, and fragmented cyberspace threatens the full potential of next-generation technologies — all while citizens worldwide protest political and economic conditions and voice concerns about systems that exacerbate inequality. The challenges before us […]

Trust in Regulatory Regimes

Edited by Frédérique Six and Koen Verhoest Within political and administrative sciences generally, trust as a concept is contested, especially in the field of regulatory governance. This groundbreaking book is the first to systematically explore the role and dynamics of trust within regulatory regimes. Conceptualizing, mapping and analyzing trust between regulators, regulatees and citizens, expert contributors systematically review the existing […]

What Is Public Value? How Can It Be Created & Sustained

Public Value is a theory for public management advanced by Professor Mark Moore of the Harvard Kennedy School of Government. In 1995, Professor Mark Moore’s seminal book on ‘Public Value’ (Moore, 1995) was published. Over the previous two decades, staff and students at Harvard’s Kennedy School of Government, where Moore taught, engaged in conversations about how to produce excellence in […]

12 Principles of Good Governance and European Label of Governance Excellence (ELoGE)

Source: Council of Europe Good Governance – the responsible conduct of public affairs and management of public resources – is encapsulated in the Council of Europe 12 Principles of Good Governance. The 12 Principles are enshrined in the Strategy on Innovation and Good Governance at local level, endorsed by a decision of the Committee of Ministers of the Council of Europe in […]

Venice Flooding Brings City to ‘Its Knees’

Elisabetta Povoledo The mayor called for a state of emergency after the Italian city was submerged under “acqua alta,” an exceptionally high tide — the worst in 50 years. Outdoor restaurant tables and chairs could be seen bobbing in the waters, and tourists were forced to clamber through the windows of high-end hotels as the water rose to about six feet […]

Turning up the heat on city planners

By Garry Booth | Lloyd’s Madrid’s climate could resemble that of Marrakech in 30 years’ time, while London will experience the sort of summer conditions that residents of Barcelona are accustomed to today. This is the finding of new research by the Crowther Lab, whose environmental scientists tested the extent to which cities around the world are likely to be […]

Myopic Voters and Natural Disaster Policy

Andrew Healy, Loyola Marymount University, and Neil Malhotra Stanford University In our democratic system citizens vote for their representative politicians, elected councils as well their public leaders, governors and governing councils. But what about the perception by citizens of how risks are handled by their leaders and what about citizen’s appreciation of proactive thinking by councillors related to public risks when it comes […]

The secret of risk management

John O’Dea Risk Management is as old as Methuselah. Although there are no records in the book of Genesis that indicate that Adam and Eve carried out a risk assessment, their world and ours might have been a different place had they given it some thought. The world might also have been a different place had the developed nations – […]

Upheaval: Turning Points for Nations in Crisis

Jared Diamond | Little, Brown and Company A “riveting and illuminating” (Yuval Noah Harari) new theory of how and why some nations recover from trauma and others don’t, by the Pulitzer-Prize-winning author of the landmark bestsellers Guns, Germs, and Steeland Collapse. In his international bestsellers Guns, Germs and SteelandCollapse, Jared Diamond transformed our understanding of what makes civilizations rise and […]

Allianz Risk Barometer 2019

Source Allianz. Technology is breeding new threats as well as business models. Traditional risks such as natural catastrophes continue to challenge while other threats such as cyber, neck-and-neck with business interruption at the top of the Allianz Risk Barometer 2019 for the first time, reputational risk, increasing exposure to intangible assets and volatility and consolidation in the corporate environment evolve […]

Global Risks Report 2019

World Economic Forum The  report is published against a backdrop of worrying geopolitical and geo-economic tensions. If unresolved, these tensions will hinder the world’s ability to deal with a growing range of collective challenges, from the mounting evidence of environmental degradation to the increasing disruptions of the Fourth Industrial Revolution. The report presents the results of our latest Global Risks Perception […]

Climate of Hope

The 2016 election left many people who are concerned about the environment fearful that progress on climate change would come screeching to a halt. But not Michael Bloomberg and Carl Pope. Bloomberg, an entrepreneur and former mayor of New York City, and Pope, a lifelong environmental leader, approach climate change from different perspectives, yet they arrive at similar conclusions. Without […]

Catastrophic risks: How can we assess and manage them?

By Ortwin Renn, Klaus Lucas, Armin Haas, Carlo Jaeger. Institute for Advanced Sustainability Studies.  Many catastrophic risks are major threats to the wellbeing of society. Such risks are called systemic risks. They threaten the functionality of vital services to society such as electricity production, water supply, climate stability, cyber security and amny others. With the assisatnce of complex models we may […]

Global Risks Report 2018

World Economic Forum Each year the Global Risks Report works with experts and decision-makers across the world to identify and analyze the most pressing risks that we face. As the pace of change accelerates, and as risk interconnections deepen, this year’s report highlights the growing strain we are placing on many of the global systems we rely on. Preface “The […]

Global Risks Report 2017

World Economic Forum Published as the 12th annual edition by the World Economic Forum, this year’s findings are testament to five key challenges that the world now faces. The first two are in the economic category, in line with the fact that rising income and wealth disparity is rated by GRPS respondents as the most important trend in determining global developments […]