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Chapter 8:
GESE: A HOLISTIC MODEL FOR FUTURE
GLOBAL SOCIOECONOMIC CHALLENGES

Mohd Suffian bin Mohamed Esa
Insitut Islam Hadhari,
Universiti Kebangsaan Malaysia, 43600 Bangi, Selangor

Wan Nur Fazni binti Wan Mohamad Nazarie
Fakulti Ekonomi dan Muamalat,
Universiti Sains Islam Malaysia, 71900 Nilai, Negeri Sembilan.

In the 2050, estimation of 90% of the world's population will have
access, owing to a combination of economic growth in the developed
world. Artificial Intelligence and Fifth Industrial Revolution are set to
make a huge contribution to the world economy. However, it is crucial
to recognize that global socioeconomic challenges remain unresolved.
The issues such as automation will eliminate the necessity for human
supervision. Another issue such as the significant income disparity
between the wealthy and the impoverished, as a minority of the global
population continues to hold the majority of the world's wealth.
Additionally, the growth in global population contributes to
environmental pollution, particularly in industrial areas. For centuries,
this socioeconomic issue has persisted due to the lack of a
comprehensive global mechanism to address these problems. As a
result, there exists a gap, with no centralized global socioeconomic
framework in place. Realising the problems, Asif, a PhD student
propose a socioeconomic model that is called GESE. GESE is a
framework that can be used to design a socioeconomic ecosystem at
the global level involving the cooperation of all parties including
government, corporate and industrial sectors, NGOs and
communities. It is a medium for providing (supply) and taking

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