Top 20 Current Global Issues We Must Address

#17. Debt crises
In the WEF Global Risks Report (page 7), respondents named debt crises as one of the most pressing issues over the next decade, though respondents believe they will become most serious in just 3-5 years. COVID-19 is a big reason why. Government stimulus was necessary, but many countries are now left with debt burdens. For corporate and public finances in large economies, debt burdens can lead to defaults, bankruptcies, insolvency, and more. This is a far-reaching issue as it affects budgets for areas like healthcare and green energy.
#18. Corruption
Corruption encompasses a host of actions such as bribery, election manipulation, fraud, and state capture. The World Bank Group names corruption as a barrier to ending extreme poverty and “boosting shared prosperity” for the poorest populations. When it comes to addressing poverty, climate change, healthcare, gender equality, and more, corruption gets in the way. Because corruption is a global problem, global solutions are necessary. Reform, better accountability systems, and open processes will all help.
#19. Authoritarianism
According to Freedom House, global democracy is eroding. That includes countries with long-established democracies. In their 2022 report, the organization reveals that global freedom has been declining for the past 16 years. 60 countries faced declines in the last year. Only 25 saw improvements. Only 20% of the global population lives in Free countries. China, Russia, and other authoritarian countries have gained more power in the international system, while countries with established democracies – like the United States – are losing their freedoms. What can be done? Freedom House says success “requires a bold, sustained response that establishes support for democracy and countering authoritarianism.” Governments and citizens engage and stand for democracy.
#20. Global cooperation
Addressing the issues in this article is not an easy task. True progress is only possible through global cooperation, a fact which is woven through the WEF report. Everything from addressing cybersecurity threats to humanitarian emergencies to protecting democracy depends on strong cooperation between countries. As the report says in its preface: “Restoring trust and fostering cooperation within and between countries will be crucial to addressing these challenges and preventing the world from drifting further apart.” The challenges threatening global cooperation are just as clear as the need, however, which makes it one of the most serious issues of the day.