In chapter four, the author talks about emerging risks facing the U.S economy (terrorism and global warming). In your opinion, what are the two major emerging risks facing the Palestinian economy and how can local institutions manage them? Report requirements: 1. You should write no minimum than 600 words. 12:22 itc.birzeit.edu Enterprise Risk Management Roughly 80 percent of all large US firms have developed, or are in the process of developing some type of ERM program The presence of an ERM program does not guarantee that an organization will be successful Barriers to the implementation of ERM include organizational, culture and turf battles Emerging Risks: Terrorism The risk of terrorism is not new Bombs and explosives Computer viruses and cyber attacks on data CRBN attacks: chemicals, radioactive material biological material, and nuclear material These risks can be addressed with risk control measures, such as: Physical barriers Screening devices Computer network firewalls Emerging Risks: Terrorism Terrorism insurance coverage is available through standard insurance policies or through separate, stand-alone coverage. Emerging Risks: Climate Change Losses attributable to natural catastrophes have increased significantly in recent years. Demographic factors, such as population growth, also contribute to the increasing losses Some insurers now provide discounts for energy efficient buildings and premium credits for structures with superior loss control. In chapter four, the author talks about emerging risks facing the U.S economy (terrorism and global warming). In your opinion, what are the two major emerging risks facing the Palestinian economy and how can local institutions manage them? Report requirements: 1. You should write no minimum than 600 words