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. https://www.weforum.org/agenda/2019/01/infrastructure-around-the-world-failing-heres-how-to-make-it-more-resilient/
blog article
INFRASTRUCTURE AROUND THE WORLD IS FAILING. HERE’S HOW TO MAKE IT MORE RESILIENT
Persistent underfunding of critical infrastructure worldwide is hampering economic progress, and exposing businesses and communities to significant risks. Existing physical and digital infrastructure are under stress from population growth and face challenges from cyberattacks, extreme weather and climate change. New infrastructure development is increasingly intertwined with rising geopolitical tensions, and given the potential for a global economic downturn, funding could come under further pressure. This year’s risk perception survey, which underpins the Global Risks Report 2019, highlights the need for a renewed global focus on infrastructure resilience and investment. While respondents’ near-term risk concerns centre around geopolitical conflict, trade relations and cyberattacks, the failure of critical infrastructure and infrastructure investment shortfalls are prominent among longer-term concerns. JOHN P. DRZIK READ MORE