Skip to main content

State of Globalization in years to come

Russian invasion in Ukraine has briefly polarized the world. Global alliances are now strengthened and divisions are deepen. 

NATO states are more united than ever, while China is working tirelessly to reshape and herald a new world order, unleashing economic war to weaken the western democracy alleged to have been globalized by the Washington Consensus .

Unless there is another major global crisis that surpasses covid-19 pandemic, the 2008 Global Financial Crisis, globalization dynamics will further intensify. 
 
A once-in-a-century pandemic has created the opportunity for an economic and social reset as dramatic as that of the Progressive era.
 
Covid-19 has not just pummelled the global economy. It has changed the trajectory of the three big forces that are shaping the modern world.
 
Globalization has been truncated. The digital revolution has been radically accelerated. And the geopolitical rivalry between America and China has intensified.
 
However, with the ICT revolution still in full swing, we can expect in five year’s time the emergence of new communication devices that are not even imaginable today.
 
The decline of face-to-face interactions and physical contact–two basic human qualities will foster a strong sense of community among people.
 
At the same time, the pandemic has worsened one of today’s great scourges: inequality. 
 
And by showing the toll of being unprepared for a low-probability, high-impact disaster, it has focused more minds on the coming century’s inevitable and even higher-impact disaster, that of climate change. 
 
All this means there is no going back to the pre-covid world.
 
Jihadist globalism will collapse given the current global war on terrors.
 
Russian style Oligarchy that led to the invasion in Ukraine, won't spread global, but will rather see an end point, as the west will intensify supports for Ukraine and beyond!
 
The post-covid world will be far more digital. From remote working to online retail, the pandemic has compressed years’ worth of transformation into months, bringing with it a dramatic shake-up in how people live, what they buy and where they work.
 
Globalization will still be about goods and capital crossing borders, and about justice globalism but less of jihadism. 


Comments

Popular posts from this blog

Sweet Spot

How do you create a digital strategy that involves customers in an energized social community?  How do you create an engaged, active “go-to” website?   Prophet's David Aaaker says, You must change the orientation of marketing from selling the offering, the brand, and firm to becoming an active partner with a shared interest program around a customer’s “sweet spot.” A sweet spot reflects customers’ “thinking and doing” time, beliefs and values, activities and passions, possessions or places they treasure. Ideally, it would be a part of, if not central to, their self-identity and lifestyle and reflect a higher-order value proposition, much beyond the benefits provided by the offering. To illustrate, Pampers went beyond diapers by creating the Pampers Village community that provides a “go to” place for all issues relating to babies and child care. Its five sections – pregnancy, newborn, baby, toddler, and preschooler – all have a menu of topics. Its online ...

New ways to business capital

A Business capital, often referred to as capital in a business context, is the financial resources or assets that a company or a sole proprietorship uses to operate, invest, and grow. Traditionally, it can come from various sources, including: 1. Equity Capital: This is the money invested by the business owners or shareholders. It represents ownership in the company and can be in the form of common stock or retained earnings. 2. Debt Capital: Debt capital is borrowed money that the business must repay with interest. This can include loans from banks, bonds issued by the company, or other forms of debt financing. 3. Working Capital: Working capital is the money a business uses for its day-to-day operations, such as paying bills, salaries, and purchasing inventory. 4. Fixed Capital: Fixed capital refers to the funds invested in long-term assets like buildings, machinery, and equipment. 5. Venture Capital or Angel Investment: Startups and high-growth companies may secure capital from vent...

Is Liberalism under attack?

I believe the answer may be yes. It's yes because two powerful states in Asia: China and Russia have consolidated authoritarian regime, that the end points may not be visible soon.  These two forces are working tirelessly to globalize oligarchy and authoritarianism. Their gospels has been noised abroad. Their influences influences have been displayed in some nations (with pseudo democracy) in the global south,  In Africa, liberal democracy have been badly weaken by the character of people in leadership: abuse of offices, stealing of public funds without questions and necessary punishments, plus rigging of presidential elections, leading to changing fortunes ànd quagmires. Beside, the curent hyper-inflation in Nigeria is blamed on the recent resurgence of Adams Smith and liberal economics doctrines (and partly by loyalty to Washington consensus: policies and insititios designed by the US government to globalize capitalism and it's associated cultural systems). The market is now...