Societal Risks of Globalization
Societal Risks of Globalization

Author(s): Fazilet Ahu Özmen Akalın
Subject(s): Globalization
Published by: Transnational Press London
Keywords: Societal risks; globalization; economic; Davos; Switzerland;
Summary/Abstract: Globalization has become one of the most influential and controversial issues of the 21st century. It is observed that with globalization, the world economy, communication methods, and cultural and social structures are changing and transforming. Along with globalization, it is seen that many risks and negatives are increasing in our living spaces. These risks and negatives are especially evident in economic, social, political, and environmental areas. Every year at the World Economic Forum held in Davos, Switzerland, these risks are discussed, analysed and solutions are sought. The main theme of this study is to address the societal risks emerging with globalization and defined as global risks by the World Economic Forum (WEF). The concept of societal polarization, included in the list for the first time as a societal risk in the 2024 forum (in previous years, it was mentioned together with erosion of social cohesion) will be discussed in the study. Analysis of other societal risks is also extremely important. However, in this study, only societal polarization will be discussed. Other risks will be the subject of further studies. In the study, firstly, the concept of globalization will be briefly defined; then Ulrich Beck’s and Anthony Giddens’s concept of risk society will be examined, and finally, the societal risks mentioned in the World Economic Forum held in Davos, specifically the risk of societal polarization will be studied and analysed with its causes and possible solution policies to combat these risks will be briefly presented.

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