In this 21st century we have reached to a point where the nature and its subsequent natural resources are drastically depleting resulting in climate change, natural calamities, food scarcity, degrading condition of water, land and air. Including these there is internet hovering, fall of the trade and business hubs and many more. These have a major effect on individual, the society and the whole global niche.
- Food Security and why we should be concerned: The world is projected to feed more than 9 billion people by 2050 which implies that the demand of the food will be 60% greater than it is today. To incorporate and mitigate this issue, we need to look at this at the broader prospective from gender parity to population control to skill development and also global warming. Agriculture sector needs to buckle up and endorse productive ways such as adopting efficient business models and developing public-private partnerships. It also needs to reduce greenhouse gas emissions, water consumption and waste, opting to becoming more sustainable. For many countries to include food security in their agenda in its 17 Sustainable Development Goals (SDGs) for 2030, the United Nations has agreed on ending hunger, achieving food security and improving nutrition.
- Inclusive Growth: In recent decades, the push for economic growth in large numbers of people around the world has brought significant growth in wealth. But, despite these massive gains in global economic performance, our existing social, political and economic systems are worsening and not reducing inequalities. A rising level of income inequality also suggests that it is causing economic and social problems from low consumption to social and political turmoil that damage our future economic prosperity. We must increase efforts around the world to accelerate economic activity and guarantee that its benefits are reached to everyone in society to boost growth and to counter the slowness of emerging markets.
- Unemployment: More than 61 million jobs were lost since the global economic crisis started in 2008, with over 200 million unemployed in the world, according to the International Labor Organization. Many industries are struggling to recruit skilled workers. A study conducted in 2015 found that 38% of employers worldwide report job filling problems, an increase of two percentage points compared to 2014.
- Climate Change: As a result of anthropogenic activity the Earth’s average soil temperature has warmed nearly 1°C for the past 50 years, world emissions have increased almost 80 percent since 1970 and in the coming years the atmospheric levels of major greenhouse gasses have been highest. With weather events like droughts and storms that become increasingly frequent and intense and changing precipitation pattern, we see the consequences of climate change. Insurers estimate that the economic losses associated with the weather have tripled since the 1980s. The historic Paris agreement of December 2015 outlines the worldwide commitment to continue to warm at 2°C and to limit global temperatures to 1.5 degrees Celsius. The agreement will enable all countries to implement their own climate action plan which will be reviewed every five years in 2018 in order to increase their ambitions. The richest countries will also provide substantial cash flows and technical assistance to help poor countries with the reduction and adaptation of their greenhouse gas emissions.
- Global Finance: There were significant weaknesses in the financial system and interconnected global market due to the global financial crisis. Several years after the crisis, slow growth, uneven monetary policy and government budgets are still struggling in the world economy. It is essential that we find ways to strengthen the resilience of the financial system and to withstand market shocks. Access to credit and savings is a major global poverty challenge yet no high quality, affordable financial services can be accessed by 2 trillion people. Worldwide there are 200 million SMEs with no access to official financing services. The challenge is to create a resilient, accessible, trustworthy financial system.
- Internet: Our ways of living, working, producing and consuming are changing. Only many of our current business and public models could be affected by such vast digital technologies. We are starting the Fourth Industrial Revolution, the all-encompassing mobile Internet of technological transformation. This earthquake change has helped to foster internet stability and long-term health. By 2025, 10% of those who use the Internet must wear clothing and sell their first mobile television. If most of it is interconnected, it will make our management more efficient and efficient and help us manage resources.
- Gender Equality: The gender equality of all aspects of life, from access to health, education to political power and potential development, is fundamental to the prosperity of societies. Those changes are not fast enough, despite the fact we are closer to gender parity. The Global Gender Gap Report has measured a rhythm of change in the past decade, with the world widening the economic gap by 118 years, or by 2133. It takes more to narrow the gap and allow for fast cooperation.
- Global Trade and Investment: The main drivers of economic growth are international trade and investment. In recent years, the size and shape of the world economy has dramatically changed and traditional trade and investment patterns have rapidly changed. The challenge is to preserve the regulatory framework. The digital economy is growing, services are increasing and world trade networks are changing. Whilst the way companies are run across borders does not change international regulations and agreements. Talks have also stalled on a new world trade agreement.
- Increasing Healthcare Facilities: The world has experienced significant advances in health over the past several decades and as a consequence people usually live longer, healthier lives. However, serious problems remain for global health, from pandemics to rising NCDs to prohibitive health costs, in particular in developing countries. This large population growth, concentrated in the poorest countries and the growing number of elderly people, needs to be adapted to the global system of health. The focus is shifted to disease prevention and preservation by the treatment of patients.