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Showing posts with the label Global studies

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