Briefly discuss the concept of the new global economic system for long term survival of the human race.

The concept of a new global economic system for the long-term survival of the human race is rooted in the recognition that our current economic model is facing challenges that threaten not only the wellbeing of societies but also the sustainability of the planet. This new economic paradigm emphasizes the need to balance economic growth with social equity and environmental preservation. It aims to address pressing issues such as climate change, resource depletion, inequality, and social instability. Here are some key principles and concepts associated with this idea:

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