Technology increasingly a driver of emerging markets risk, says Willis Towers Watson report
16 Décembre 2021 - 9:00AM
For more than a decade, the Willis Towers Watson (NASDAQ:WLTW)
Political Risk Index has been monitoring patterns of political
instability in the world’s most vulnerable countries. In the latest
edition, the Index assesses the impact of new technologies,
particularly social media, on emerging market politics.
The report highlights how social media has made activist
politics more effective as well as empowering social groups that
may have traditionally avoided political activism because of social
discrimination or geographical dispersion.
The report was launched at a client webinar, where presenters
contrasted the impacts of new technologies in different world
regions.
“There is an important myth to dispel, that China doesn’t have
politics,” said Rana Mitter, professor of Chinese politics at the
University of Oxford. “In fact, social media is the major
interaction point for popular opinion in China, and hundreds of
thousands or even millions of people will participate in
conversations on controversial social issues.”
“Since the 2011 Arab Spring uprising specifically, social media
have come to play a very important political role across developing
and developed economies,” said Dr. Megha Kumar, Deputy Director of
Analysis at Oxford Analytica. “That role ranges from at one
extreme, efforts to incite political violence, to the use for which
they were intended, namely communication.”
The report found that “flash mob” protests, organized in part
using mobile devices, have played a role in the toppling of
governments in the Philippines in 2001; Georgia in 2003; Ukraine in
2004-5; Kyrgyzstan in 2005; and Thailand in 2006, along with more
recent examples including the 2019 ouster of Algeria’s long-serving
President Abdelaziz Bouteflika.
The report also found that online pressure campaigns had in 2021
contributed to government policy shifts in countries ranging from
Nepal and Bangladesh to Israel and Nigeria.
Samuel Wilkin, Director of Political Risk Analytics, Financial
Solutions, Willis Towers Watson, said that the insurance industry
had been caught off guard by some political impacts of new
communication technologies: “Hashtag-enabled protest movements have
evolved with extraordinary speed and scale, leading to property
damage at a level that we don’t usually associate with social
unrest.”
Political Risk Index Winter Update:
https://willistowerswatson.turtl.co/story/political-risk-index-winter-2021-gated/page/1
Webinar recording:
https://players.brightcove.net/5728959027001/B12A5zfPz_default/index.html?videoId=6285060941001
About Willis Towers Watson
Willis Towers Watson (NASDAQ: WLTW) is a leading global
advisory, broking and solutions company that helps clients around
the world turn risk into a path for growth. With roots dating to
1828, Willis Towers Watson has 45,000 employees serving more than
140 countries and markets. We design and deliver solutions that
manage risk, optimize benefits, cultivate talent, and expand the
power of capital to protect and strengthen institutions and
individuals. Our unique perspective allows us to see the critical
intersections between talent, assets and ideas — the dynamic
formula that drives business performance. Together, we unlock
potential. Learn more at willistowerswatson.com.
PR Contact:Sarah Booker – +44 (0)7917
722040sarah.booker@willistowerswatson.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/78acc5fc-22ff-40ba-9ea1-b96d99ec1a1d
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