Resource conflict likely to expand as world heads into ‘low-cooperation era’
Critical metals such as cobalt and vanadium could be fought over in the near future, World Economic Forum report claims
The world faces risks ‘both wholly new and eerily familiar,’ the Global Risks Report 2023 warns. Dangers include geoeconomic confrontation, climate change and divisive competition for resources.
The 2023 report from the World Economic Forum ranks risks on a two-year timescale and a longer term 10-year time horizon. It makes for grim reading. The report predicts the next decade will be characterised by environmental and societal crises, driven by geopolitics and economics, with economic warfare normalised, and possibly the first human development rollback in decades.