Top 5 World Problems

Top 5 World Problems

Top 5 Ranked Problems

1. Modernization of developing market—Shifting from a developed market to an emerging market can move jobs from one area of the world to another. With outsourcing being the main concern, preparing a developed market for this shift is imperative for continued growth and prosperity.

2. Water Pollution—Pollution of the oceans has taken a devastating toll on the quality of food sources from the ocean and the quantity of species ability to repopulate.

3. Air Pollution—Depleting the Ozone layer and increasing world temperatures, with shifts in global weather patterns, air pollution with continue to be an issue in the future.

4. Distribution of natural resources—With newer technologies and other advances, natural resources are needed to create these products. The issue is that some countries around the world control the world’s supply of specific resources.

5. Socio-political-cultural migrations—Migrations of people from their home countries to others can put a strain on their temporary hosts. These migrations can create housing issues and strain on food resources.

Top 5 Ranked Implemental Solutions

1. Modernization of developing market— Using job market research to create an education program that will impact high school students thinking of what future jobs may be exhausted by the time they graduate college. Utilizing this program can give a developing market the opportunity to prepare for those occupational shifts because of outsourcing due to technological or educational developments in emerging markets.

2. Socio-political-cultural migrations— Building in areas with ease of access to transportation and waterways in preparation for such events. Partnering experts in creating small-township like communities with convinces of their homeland.

3. Water pollution— Creating a need for change in regulations around oceanic pollutants and their clean up. The cleanup can create opportunities for job growth and development.

4. Air pollution— Utilizing cleaner technologies in developing countries first since costs are lower initially with lack of switching costs.

5. Distribution of natural resources— Creating an alternative way to produce or utilize a different resource to create these products.

Why were my first world problem and solution my first choices out of my top 5 list?

The reason I chose modernization of developing/emerging markets as the top problem I foresee is due to the increase of competition and push for lower cost labor. With this in mind, many emerging markets can come to a screeching halt if, like established markets, are not continuing to push the reaches of innovation and education. As we continue to see technology shift and mold new niches for every market set, we will find that emerging markets have the opportunity to adjust faster given their weaker infrastructure when it comes to education and job training. This is why my solution for the modernizing emerging market is the most implementable. With the right people and vision, creating an educational structure to meet market demands, while forecasting new opportunities, will ensure that outsourced jobs do not continue to become outsourced to the next emerging market because the current market is prepared for the rising occasion.