The Most Important Economic Problems in the World according to millennials

The World Economic Forum (WEF) recently released its annual Global Shapers survey, which asks millennials about their priorities, concerns and attitudes around the world.

More than 31,000 people aged 18 to 35 from 186 countries took part in this study on the impact of technology on employment, their trust in the media, corporations and government, and the importance of work in their lives.

Discover the 6 most troubling economic issues facing the world from an 18-35 perspective.

1. Responsibility and transparency of governments, corruption - 22.7%

Good governance, like accountability and transparency, enables citizens to hold governments accountable for achieving better development outcomes, as it encourages civil society participation in decision-making and enhances transparency. Leads the creation and implementation of anti-corruption strategies and tactics. "Transparency" is the government's obligation to share information with citizens to make informed decisions and hold officials accountable for the conduct of citizens' business. 

The transparency of government websites exists largely due to the generosity of officials. Corruption can also give unfair advantages to incumbent politicians and create opportunities for harmful interference by foreign powers. Government accountability and transparency ensure that violations are identified and that unsuccessful or harmful policies are quickly corrected.

2. Religious conflicts - 23.9%

It is clear that prejudices stemming from adherence to religious forms and imitation of the beliefs of ancestors have hindered human progress for thousands of years. How many wars and battles have been, how many disagreements, disagreements and hatreds have been caused by this form of prejudice.

Religious conflict is caused by intolerance towards other people's religious beliefs or practices. Many wars and deaths are the result of these conflicts. Today we see such persistent sectarian wars between Muslims and Jews in Palestine, Hindus and Muslims in South Asia and many other places. Attempts to establish peace have repeatedly failed. The most religious hate crimes are vandalism. Personal attacks are also not uncommon. Religious conflicts increased dramatically after the start of the Cold War. In the period 1950-1996, religious conflicts accounted for 33% and 47% of all conflicts, respectively.

The reason for so many conflicts and bloodshed is very simple. The fact is that both sides do not understand the true essence of their beliefs. It is about proving which religion or faith is better and which is better.

3. Poverty - 29.2%

Poverty is the lack of money to meet basic needs such as food, clothing, and shelter. However, poverty is more than just a lack of money. The World Bank describes poverty this way: “Poverty is hunger. Poverty is the absence of shelter.

Historically, some of the main causes of poverty have been identified as follows: the inability of poor families to invest in real estate. Limited/poor education results in fewer opportunities. Limited access to credit, which in some cases leads to greater poverty due to hereditary poverty. Poverty is associated with negative conditions such as poor housing, homelessness, inadequate nutrition and food insecurity, inadequate child care, lack of access to health care, insecure neighborhoods and lack of resources in schools that negatively affect the children of our country.

4. Inequality (wages, discrimination) - 30.8%

Wage inequality is a constant and universal problem. Women are paid less than men in all regions, with the gender pay gap estimated at 23% worldwide. Pay discrimination means that someone is paid less because of gender, race, age, or religion. Paying one employee less for a protected attribute is illegal. For example, this is wage discrimination, when women are paid less than men for the same work.

Systematic payment of lower wages and/or reduced benefits to women or minorities not based on objective differences in work, length of service, education, skills, experience, or performance.

5. Conflicts and Wars - 38.9%

Armed conflicts often result in forced migration, long-term refugee problems and destruction of infrastructure. Social, political and economic institutions can be irreparably damaged. The consequences of war, especially civil war, for development are enormous. War is understood as a real, deliberate and widespread armed conflict between political communities and is therefore defined as a form of violence or political intervention.

Death, injury, sexual violence, malnutrition, illness and disability are among the most threatening physical consequences of war, while post-traumatic stress disorder (PTSD), depression and anxiety are among the emotional consequences.

6. Global warming and destruction of nature - 48.8%

Global warming is putting pressure on ecosystems through rising temperatures, water scarcity, increased risk of fires, droughts, weed and pest infestations, severe storm damage and salt intrusion, to name but a few. Some of Australia's greatest natural attractions, such as the Great Barrier Reef, are already in danger.

 

Humans and wildlife are facing new survival challenges due to climate change. More frequent and intense droughts, storms, heat waves, rising sea levels, melting glaciers and warming oceans can directly harm animals, destroy their habitats and destroy livelihoods and human communities.