Arrested Global Development
The last two generations of humanity have experienced an unprecedented period of fast-expanding prosperity. With the economy of the world tripling in size, almost every country getting richer, and over a billion people escaping poverty. Though within only the past three years, that progress has been thrown in reverse with issues like the Covid-19 pandemic, the Russia-Ukraine war, and the surge in inflation.
- Inflation will continue to shock the globe and especially vulnerable countries.
- Food insecurity will intensify, as gas prices and trade prices rise. Only a further complication of the Russian-Ukrainian war.
- Climate change is also set to amplify the threats to the world as it is only set to worsen supply and demand with intensifying weather patterns.