As humankind moves into the 21st century, current world issues will continue to develop and expand their impact on the world. From global warming to the AIDS epidemic, new global concerns arise every day. In an attempt to make sense of these serious and complex issues, we have coined the terms "globalization" and "sustainability".
Globalization is defined as the trend towards greater interconnectedness of the world's social and economic systems; it is essentially the formation of a "global village". Sustainability, however, looks at whether an area has reached a level of development that meets the needs of its existing people without jeopardizing the ability of future generations to sustain themselves. These two terms are intertwined in that we must control our rate of globalization, in order to achieve sustainable development. If we do not acknowledge that a balance between globalization and sustainability is necessary, there is little hope for the future.
Globalization has become one of the principal symbols of economic, cultural and political life in the 21st century. Although there is no precise definition of globalization, due to the complexity of the term and the varying attitudes towards it, put simply it is the process by which nationality is becoming all the time more irrelevant. International organizations such as Coca Cola, Disney, McDonald's, sony, shell oil and IBM, symbolizes such a process and progress of globalization.
The benefits of globalization are obvious: faster growth, higher standards of living, and new opportunities. However, globalization's benefits are very unequally distributed; the global market is not yet underpinned by shared social objectives, and if all of today's poor follow the same path that brought the rich to prosperity, the earth's resources will soon be exhausted. The challenge we face is to ensure that globalization becomes a positive force for all people instead of leaving billions in squalor.
If we are to get the most out of globalization, we must learn how to provide better governance at the local, national, and international levels. We must think afresh about how we manage our joint activities and our shared interests, since so many challenges that we confront today are beyond the reach of any state acting on its own.