BRIC nations are not well placed to withstand shocks from major risk events Where does India stand?
The BRIC countries of Brazil, Russia, India and China are no better placed to withstand shocks from major risk events than they were four years ago, according to the findings of the Global Risks Atlas 2012 released by risk analysis firm Maplecroft.. (Photo by Daniel Berehulak/Getty Images)
Poor governance and a relative lack of societal resilience in India, Russia and China are identified as significant factors that could undermine their ability to combat the effects of ‘black swan’ events. India ranks at No. 19in the list of world’s nations that are least resilient, or most exposed to global risks.
(Photo by Nelson Ching - Pool/Getty Images)
Somalia (Rank 1) is the country most exposed to global risks, according to the Maplecroft report. Click on to see the other countries that are the least resilient. (Photo by John Moore/Getty Images)
DR Congo: Rank 2
The fourth annual Global Risks Atlas highlights potentially destabilising factors in the world’s key growth economies. Maplecroft classifies global risks as those that cut across borders, affecting multiple areas of the world with major impacts on countries and business alike.
(Photo by Uriel Sinai/Getty Images)
South Sudan ranks at No.3 in the list of world’s countries most exposed to global risks.
Neighbouring Sudan is at No.4. The Atlas covers 178 countries and includes 33 indices within five global risk areas, which calculate exposure to macroeconomic risk, security, resource security, climate change and infectious diseases. (Photo by Marco Di Lauro/Getty Images)
The report also evaluates governance and societal resilience to measure how prepared nations are to adapt to the impacts of global risks. Afghanistan ranks at No.5. (Photo by Majid Saeedi/Getty Images)
Troubled Pakistan is the sixth most vulnerable nation to global risks. (Photo by Paula Bronstein/Getty Images)
At rank 7 is Central African Republic. (Getty Images)
Iraq, reeling from years of war, ranks at No.8 in the list. (Photo by Muhannad Fala'ah/Getty Images)
Myanmar is the ninth least resistant country to global risks (Photo by Peter Macdiarmid/Getty Images)
Conflict-ridden Yemen wraps up the list of the ten nations exposed most to global risks. (REUTERS/Mohamed al-Sayaghi)
The findings indicate that strong economic performance in the BRICs has not translated into improved societal resilience or governance, which constrain a country’s ability to adapt and combat potential shocks from pandemics, terrorism, conflict, resource security, economic contagion and the impacts of climate change. (Photo by Nelson Ching - Pool/Getty Images)
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