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Showing posts with the label Globalization

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

END OF IDEOLOGY DEBATE: THE END OF HISTORY THEORY NOW FALSIFIED

  From the Ransford School of Political Science , Online The defeat of Nazi Germany in 1945 and the collapse of the Soviet Empire in 1991 enticed scores of Western commentators to relegate ‘‘ideology’’ to the dustbin of history. Proclaiming a radically new era in human history, they argued that all political belief systems had converged in a single vision: liberal capitalism .  This dream of a universal set of political ideas ruling the world came crashing down with the Twin Towers of the World Trade Center on September 11, 2001. Indeed, the very rationale for the ensuing ‘‘Global War on Terror’’ was built on the notion of ideological diversity and incompatibility. Let us consider, for example, President George W. Bush’s 2007 televised address to the nation in which he unveiled his administration’s new ‘‘surge’’ strategy in Iraq by invoking the specter of an expanding ‘‘radical Islamic empire’’ ready to ‘‘launch new attacks on the United States at home and abroad.’’ The