Globalization is being redefined across the world, which will change economic, political and social relationships. How, will, and can the world direct these changes for mutual benefit or increased tension?
The post-World War Two globalization system was structured to produce an American controlled structure, with rules and order planned to establish American hegemony for the future. The structure was brilliant. The United Nations would develop political solutions. The World Bank and the International Monetary Fund would provide economic management. The General Agreement on Trade and Tariffs would manage trade, as it became the World Trade Organization. The costs of communication, travel, and trade were reduced. Containerization and global supply chains allowed advantages of worldwide labor and markets. The world-wide-web was the connector, to bring everyone and everything together….