Session
Measuring Global Economic Risk
Time
- 10:50 ~ 12:10
Organization
- Jeju Peace Institute
Room
- Baeknok A
The covid-19 pandemic and the Ukraine war have dismantled the global supply chain, creating global economic turmoils, such as increasing inflation and subsequent economic disturbances that inflation causes. This has exposed the world to higher vulnerability and risks, which leads us to analyze the global economic risk, vulnerability, and resilience more systemically. This session aims to present an index of global economic risks across the countries in the world. The research department of the Jeju Peace Institute (JPI) presented the economic resilience index and economic performance index at the last year’s Jeju Forum. Based on this, the JPI presents a global economic risk index by considering a country’s economic vulnerability and resilience. A country’s economic risk can be measured after simultaneously taking into consideration both how a country is exposed to external shocks arising from the inherent characteristics of its economy and how it will cope with those shocks. The JPI suggests a global economic risk index by using the most recent data available since 2019.