Encouraged by the prospects for a comprehensive peace in the middle east, however, several countries have undertaken major reforms to revise their laws, loosen their state controls, open their markets, woo foreign investors, and move into the global arena. Although these countries have made progress in re-structuring their economies, significant foreign investments have not materialized, because of the faltering peace process. Few, if any, tangible benefits have reached the community level. Indeed, most people in the region probably feel that globalization has subjected them to non-stop price rises and subsidy cuts, while simultaneously exposing them to an electronic and commercial cultural invasion. This combination of economic and emotional pressures is potentially devastating to the politics of moderation and reconciliation.
Globalization can be a catalyst for mutual progress or a new cause for bitter global conflict.
At its best, globalization does not promote cultural uniformity, but provides opportunities for cultures to interact, enrich and learn from one another. New trans-national links must not come at the expense of local communities, nor must the flow of information and ideas be in one direction only. It is here that the view from Jordan can provide some perspective on our topics for this weekend's conference. While we explore Europe in the new world order, it might be enlightening to examine Europe's current approach to the Middle East. Like Europe after the end of World War II, the Middle East, today, cannot realistically advance towards peace, democracy and economic progress in isolation, however strong its resolve.