According to the textbook Ch.3), there are five global ecomomic challenges that businesses must face. They are international terrorism, aging of the world's population, growth of India and China straining commodity prices, shift to a global information economy, and enhancing competitiveness of every country's workforce. Which of these do you think the US will have more problems with in the next 5 years? Why? Give supporting information

I think the United States will have more problems with international terrorism with in the next five years because this effects the majority of our economy today. In five years international terrorism may get worse. Terrorist numbers are rapidly growing by recruiting anyone using social media and any other resources they can find. The United States spent over $16 billion dollars annually on counter terrorism and the cost of war and war related spending from 2001 through the end official year 2014 is about $4.4 trillion and counting. We also have to keep in mind the costs of paying for veterans’ care now and into the future will be a sizable portion of the full costs of the war. International terrorism not only effects the United States its also a global phenomenon. The ripple effects on the United States economy have been significant, including job loss, interest rate increases and all this effects how we spend which then effects the stock market. When the United States has an economic down fall this effects the world’s economy. International terrorism manages to have long-term effects on certain industries, such as tourism, and these consequences are likely to have a domino effect on other industries. Terrorist attacks, whether local or international, cause immediate human and psychological repercussions of different intensity. Consumers postpone major purchases and shift buying patterns towards basic necessities.
Just imagine if we had no terrorism. How low would our taxes be? How much extra money we would have to spend, which in return boosts the economy. Not only the United States economy but the world economy because more and more items are being imported from other counties.