The world economic order has been challenged. In what way?

Question

Quizplus · Accepted Answer

Both options A and B provide plausible explanations for the challenge to the world economic order. The instability of the economic and financial worlds has been made apparent by recent global events such as the COVID-19 pandemic and the resulting economic fallout. Meanwhile, the rise of newly industrialized nations such as China and India has shifted the balance of global economic power away from established industrialized nations such as the United States and those of Europe. Natural disasters and climate change may exacerbate economic crises, but this is a more peripheral issue compared to the first two options.

The World Economic Order Has Been Challenged