Economically, globalization driven by technology is altering at breakneck pace the commercial landscape the world over. Competition is heating up and trade barriers are crumbling. These developments spell tremendous opportunities as well as risks. As a direct result of economic success, domestic politics everywhere is increasingly pluralistic if not democratic. It is natural that wherever there is a middle class, citizens will eventually demand more say.
True leadership is required.
On the social level, there is increasing interaction between cultures due to technological advancements. To some Asian countries with thousand year old civilizations, globalization is a Trojan horse for Westernism, especially Americanism. The phenomenon is manifested i pop culture from movies and music to fast food joints and branded goods. Internationally, the world now has a single superpower. The United States and its allies have no apparent threats.