Outlook on Global Agenda 2015

2015 is here! And its the time for masterminds to work on building strategies, policies, recommendations to address the challenges and disputes prevailing globally. In this regard, Outlook on the Global Agenda 2015 released by World Economic Forum recently, talks about the key challenges that the global economy is expected to face over the next 12 to 18 months.
Mind you, the network encompasses the views of over 1500 global experts and pioneers the fourth edition in the series of Outlook on Global Agenda.
Considering the subsiding effects of global financial crisis, experts bring attention to other global issues including income inequality and joblessness as upcoming challenges. For the developing economies, terrorist forces are other threats hampering the growth, progress, stability and the peace situation of such countries. Hence, adopting an integrated approach while coming up with solutions in order to address the changing global challenges is vital for policy makers.
In the context of Asia, geopolitical tensions, structural economic reforms, and managing urbanization will be the foremost concerns, according to global experts. Trade propositions such as the Regional Comprehensive Economic Partnership (RCEP) are an important step, as are stronger "effective political mechanisms" within the Asia-Pacific Economic Cooperation (APEC) forum and the ASEAN Regional Forum, the report highlights.
Second critical matter is the rapid population growth. With more people migrating to cities, the need for national infrastructure including increased investments in housing, transportation, healthcare and education will rise. According to the report, Asian economies will also be reshaped by significant demographic shifts, in the long-run.
Long-term social security insurance should be a key focus. The report brings attention to Chinese administration that is aiming to build its private sector by encouraging efficient doling out of resources to SMEs. Here, success to China will be the success of the rest of Asia, where the failure of Chinese government will be drag on the entire economy and considering the dominance of Chinese economy in the rest of the world, this view cannot be overlooked.