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Beskrivelse
With an economically devastating pandemic like Covid-19, societies were left stumbling with an economically devastating impact, that far exceeds the health impact of the pandemic. Whatever the liberalization of global economies and free trade has contributed to the uplifting of hundreds of millions of people globally in the past two decades, has been diminished by the 2020 Covid-19. This is happening in a time of growing population, that has been left with depleted savings, and changing economics as we know it as a result of mass-digitalization, robotization and automation, and shrinking global resources. Consequently, governments worldwide are left with a very challenging task of providing services and justifying their existence. This essay explores various publications by world renowned institutions such as the World Bank, the World Economic Forum and others, to present the reader with shocking statistics regarding the future of humanity. This essay also makes suggestions as to best possible approach to deal with rising and eminent challenges.
