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Impact of social and economic changes on the Zakat Fund Part Two

24/11/2021 General | Mariam Ali Khamis Al Mansoori

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In this part, we complete what we have referred to in the previous study of future social and economic trends that will affect the future society and contribute to influencing the work of the Zakat Fund, including it.

Inclusiveness in societies

Rising inequality poses a threat to inclusiveness, and thus also to global social cohesion. Global wealth will become in the hands of the rich, reducing the proportion of the middle class. This will widen the inequality gap, threatening social cohesion by exacerbating social and economic marginalization, unrest and collective grievances

Global Citizenship

The term "global citizenship" reflects a culture of intellectual openness, belonging to the international and humanitarian community, taking responsibility for the public interest around the world, and adhering to social justice and human dignity, a growing feeling among citizens where They see themselves more as "global citizens" than as "citizens within their own countries", which diminishes the importance of the concept of national identity. Global citizenship emphasizes more civil responsibility that can be considered to belong to the world rather than a specific country

Future industrial sectors

The Fourth Industrial Revolution will encourage the formation of new subsectors by 2030, which may feature at least five new industrial subsectors by 2030, including GMO products, commercial marketing of space activities, nanotechnology, 3D printing and robot devices, and digital currencies will emerge in particular

Economic growth

The global economy is expected to expand in the long run, with the World Bank projecting 2.9% average annual GDP growth from 2005 to 2050. High-income countries will grow only 1.6%, but countries will grow in the first row. 5.2% is between these categories. From 20% to 55% in 2050. Here are some of the major advertising pursuits that will drive the codified region in 2025. It will only be the economies of the Middle East, driven by unique "forces of change". Here are some of the major pursuits that will lead the codified area in 2025. Changes in demographics, especially more seniors; attend ; and structural changes in economies. Space is expected to grow from 2.2 billion people to the expected space in 2030. As expected, by 2040, the world's population will increase by about 1.7 billion to 9.2 billion, and more people will move from poverty to the growing global consumer class in cities, or the global middle class. This layer will have limited but growing spending capacity and will have a significant impact on trade mechanisms and the global economy