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Therefore, this study will provide a sharp insight on the world problems as well as possible solutions that can be employed to address those problems.
The world has been facing numerous problems for many years some of the major factors that contribute to those problems include; Institutional failures (Harvey). Whereby, financial institutions such as banking systems have been so reluctant at establishing necessary policies aimed at regulating the flow of credit in an economy (Harvey). In above connection, policy failures by Breton wood institutions such as International monetary fund and World Bank have contributed significantly to global problems (Harvey). This is because those institutions tend to place strict rules that inhibit growth and expansion of capitalistic economy such the US (Harvey). Environmental factors such as global warming as a result of human activities have significantly contributed to the global problems (Brown, pp1-4). This has further led to a problem of food insecurity especially among African countries (Brown, pp1-4). Among the countries that have been adversely affected by food insecurity problems include; Sudan, Zimbabwe, Somalia, Democratic republic of Congo, Ethiopia, Sri Lanka, Bangladesh, Afghanistan to name just but a few (Brown, pp1-4).Those countries have even exposed other countries into the risk of terrorism attacks, drugs trafficking, spread of diseases as the number of refugees tend to escalate (Brown, pp1-4).
In above connection, Debt crisis has been another significant cause of global problems (Harvey). Whereby, capitalistic economies spend a lot of revenues in financing their huge foreign debts rather than using this revenue to finance their economic growth (Harvey). In above connection, unemployment has been reported to be significant global problem that has contributed to global failure as people who are willing
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Following the scarcity of resources, unlimited wants and the need to meet the needs, countries have engaged in trade. Initially, international trade was restricted with countries trading in regional blocs with tariffs, subsidies, and embargoes being undertaken to protect the economic wellbeing.
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(1) I (we) are
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2 Pages(500 words)Case Study
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