Question: Which of the issues below do you believe presents the biggest challenge to the global economy over the next 50 years? Why do you believe this is the case? Climate change Cyber attacks A new...

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Title: Biggest Challenge to the Global Economy over the Next 50 Years
Global challenges are observed to have short-term impacts and long-term impacts. Usually, the short-term impacts result in the credit crunch resulting in a banking crisis. Every global shock has a short-term impact. While in most cases, the long-term impacts demand strategic approaches so that the solutions can overcome global inequality and also global poverty. The main challenges that have the capacity to impact on the global economy for the next 50 years include the appearance of a global pandemic, weapons resulting in mass destruction and interstate war. The consequences of these challenges result in the exhaustion of the non-renewable resources with the depletion in the environmental resources due to global warming and system challenges.
A New Global Pandemic
Infectious disease and the mortality rate that is associated with the disease plays a significant threat in the world. In recent years, there had been several old pathogens and some of the new ones that have threatened the existence of the human population. Disease like malaria, tuberculosis was some of the endemics that came back over the years in fluctuating intensities causing havoc in the economy of the developed as well as developing countries. According to Elmahdawy et al., the health risk accompanies by the epidemics generates panic and fear, which results in the various intensity of economic risks.
When there is an outbreak of a pandemic, the health system of the country gets impacted. As stated by Gilpin, the pandemic condition impacts on the health of the workers and the staffs resulting in driving down as well as...