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The World Economic Forum says we're complacent about the growing threat from climate change, pandemics, and terrorism.

The World Economic Forum warns of a gap between the power of global risks to cause major disruption and the ability of companies and governments to manage those risks. Chris Burns reports for Reuters

Climate change, oil shocks, pandemics and terrorism - that was the agenda when the World Economic Forum issued its latest Global Risk Report in London.

It says the world is getting to be a riskier place - but politicians and business leaders aren't reacting fully to the dangers.

This Global Risk Report identifies 23 categories of risk and says 15 of those risks are getting worse.

John Merkovsky from the corporate services firm Marsh and McLennan - a company which helped compile the report - says on balance there is one risk which he thinks outweighs the rest

This report says the world is getting riskier because of globalisation. That's a view supported by another contributor Ivo Menzinger from the world's leading reinsurance company Swiss Re

The report which will form the core of the agenda for the Davos meeting of the World Economic Forum later this month says big business and governments have got to get better at anticipating and preparing for disasters instead of reacting to them when they happen.

Chris Burns Reuters