Globalisation and the threats it poses in the twenty-first century

Abstract

This article examines and assesses globalisation and its role in the context of the emerging global threats in the twenty-first century. It also provides policy suggestions and leads to a deeper understanding of the emerging opportunities and their related threats. It focuses in particular on the economic instability in the period of economic hardship, income inequality between and within nations, and the benefits and risks of Internet use. The author suggests that we should benefit from globalisation’s positives even during the times of uncertainty caused by the impact of emerging threats, yet be aware of the threats and take courage and individual responsibility to tackle them. Globalisation is a product of the people and an informed and pragmatic approach towards the threats is crucial. If prevention and self-responsibility prevail, people might start looking to the future more positively, with broader hope and enthusiasm, through a shared lens of cooperation to improve living standards globally.