According to an MBRF and UNDP report, the United Arab Emirates is one of the best countries to deal with future risks.
According to the research “The Future of Knowledge: A Forward-Looking Report” published by the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) and UNDP, the United Arab Emirates is one of the nation’s best equipped to handle future risks and difficulties.
The UAE was listed along with the United States of America, the United Kingdom, Switzerland, and Australia.
MBRF presented the report in conjunction with the Knowledge Summit’s seventh meeting, which took place in March at Expo 2020 Dubai. The information also aids national leaders and offers fresh perspectives on how well-equipped nations are to handle potential hazards.
The UAE Has A Strong Institutional Framework For Managing Risk.
Capabilities for transformational innovation, cooperation, and Seven Arab states are among the 40 states analyzed in the report. It indicates essential variations in risk readiness and transformative capacity.
For instance, high-income nations, especially those that belong to the Organization for Economic Cooperation and Development (OECD), are better able to take more risks than low-income nations in Africa and Asia.
The report describes the findings of the analytical study, which showed that most nations lacked sufficient preparation for impending unrest, placing a significant load on their economic, social, political, and ecological systems.
It makes it challenging for countries to maintain services in health and education, which will further obstruct the path to sustainable development goals.
In addition, the study found that nations frequently rely on rigid old models, which hinders their ability to turn into risk-takers, as seen by how countries responded to the COVID-19 epidemic and climate change challenges.
The study also found several variables that increase a state’s capacity and willingness to accept risks in the future and adapt, such as the social structure, economic system, and natural environment.
Additionally, the understanding of how to use and enhance the skills of the populace One of the critical elements that boost the state’s capacity to manage risks is the skilled efficiency of the labor force. Education, research, development, innovation, science, and technology are only a few aspects connected to everything stated above.