Transform uncertainty into an opportunity for growth

The modern world is navigating rapid technological advancements, shifting geopolitical landscapes, climate change, population growth and intricate socio-political interactions. These factors have generated a range of complex, pressing challenges in a world marked by instability and uncertainty. Alongside economic and technological conflicts, such conditions demand not only awareness but also proactive measures to address these risks or turn them into opportunities. The World Economic Forum’s Global Risks Report 2025 identifies this year’s challenges as stemming from escalating political and economic conflicts, extreme weather events driven by climate change, deep societal and political divides, and the consequences of accelerating technological development. Among these are the proliferation of misinformation, which has widened global divisions and exacerbated conflicts. Misinformation has created a more fraught geopolitical environment, amplifying economic tensions. The report highlights this issue as one of the most significant risks by 2027, as major powers exploit false narratives to influence public opinion and distort facts. This trend threatens not only societal and moral values but also economic and service structures. Concerns over artificial intelligence (AI) applications that generate misleading content are particularly acute, alongside the risks associated with advancing biotechnology. The report warns of the potential rise of “bioterrorism,” a threat expected to grow in the coming decade. Social inequalities, particularly disparities in wealth and income distribution, are also flagged as critical risks. Many societies remain plagued by injustices, weakened social cohesion, and limited opportunities for their citizens. Migration pressures have further eroded human rights and stability, leading to fragile communities unable to provide security or equity for their populations. These issues are compounded by economic crises, including inflation, debt, and contractions, which contribute to instability. Ageing populations and demographic imbalances in some regions further exacerbate these challenges. The report also points to the realignment of global relations, where emerging powers such as China, India and Gulf states are likely to reshape international cooperation and economic frameworks. Multilateralism will play a vital role in addressing shared challenges, potentially leading to a rebalancing of economic and political power. These global risks have local implications. No country is immune to the economic, environmental, and societal transformations shaping the world. The Sultanate of Oman, for instance, has incorporated these global challenges into its development strategies, recognising them as critical factors in planning and growth. The country’s initiatives emphasise economic diversification, innovation, and the strengthening of partnerships at both regional and international levels. Oman’s approach is guided by a vision of sustainable development that integrates awareness of global risks with local opportunities. A robust network of ports, free zones, and economic hubs positions the nation as a key link in the global economy. Investments in entrepreneurship, innovation and youth empowerment further aim to make Oman an attractive destination within the global economic system. As His Majesty Sultan Haitham bin Tarik noted, these efforts are designed to transform Oman into a thriving centre for investment and economic growth. Turning global risks into opportunities requires resilience and creativity. His Majesty’s call for the Omani people to view challenges as drivers for progress resonates strongly in this context. By understanding the societal and economic shifts occurring worldwide, Oman can adapt and leverage these changes for its benefit. This includes embracing technological developments, fostering international partnerships, and ensuring that innovation aligns with ethical principles and societal values. Education, social and cultural institutions have a critical role to play in mitigating the risks posed by global changes. Collaborative programmes and initiatives can raise awareness, promote shared responsibility, and reinforce moral values. The concept of “technological citizenship” is particularly important in this regard. This involves equipping individuals with the knowledge to navigate and manage technological advancements ethically, ensuring that digital content aligns with societal norms and maintains credibility. The risks outlined in the Global Risks Report are not new but are growing in scale and complexity. Overcoming them is a collective responsibility, as emphasised by His Majesty Sultan Haitham bin Tarik. It demands coordinated efforts to adapt to an evolving world and maximise the benefits of positive citizenship. By doing so, societies can transform uncertainty into an opportunity for growth and resilience.

Translated by Badr al Dhafari

The original version of this article was published in Oman Arabic newspaper on January 19, 2025.