GLOBAL RISK DIALOGUE

Globalization and rapidly changing environment is probably necessitating need for limits or elimination on social spending by nations and its governments. Significant changes are occurring globally from the way we work, the way we learn to the way we adapt. Amidst these changing global fundamentals, nations,and its industries are struggling to stay competitive and profitable. This makes it essential that nations maintain or create a business friendly environment within their respective nations.

Social welfare programs are directly proportional to higher taxes. In the pursuit of getting votes and staying in power, Nations governments irresponsibly increase taxes to finance social spending agenda. When nation’s policies fail to adapt to changing global fundamentals, and governments deliberately use welfare and other social programs as a tactic to get votes and stay in power, there are significant risks that nation’s faces in the globalizing economies.
Nations need to create an environment of growth, competition, education, employment, opportunity, innovation and adaptation over welfare and dependencies.
Do you think Social Welfare should be a role of government in your nation? Do you think social welfare can be done better by Philanthropic and non government organizations?

Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor