The Main Social, Cultural and Economic Consequences Are of the Past, Present and Future Globalization

Global interdependence is and will continue to control the twenty first century. What occurs on the other side of the sphere (world) is already being experienced in the United Kingdom and vice-versa.
"The Global village. The New World Order, The peace dividend; these are all buzzwords of the 1990s that reflected an optimistic outlook for the dawning of the next century. ...Unfortunately it has become obvious that the corner turned did not lead to a smooth road on which racism, nationalism, and plethora of insular, myopic attitudes were put behind us. In fact it seems that we have entered a period of time where many of the demons of the Cold War era - whether economic, environmental or social - still loom like an ominous cloud on the horizon."
Presently the combination of wide spread awareness and established academic perspectives, the topic of Globalisation has grown prominently following the end of the Cold War in the late 1980s. Dowdeswell quotation suggests it brought vast optimism for:
I. Improved international cooperation between cultures and countries.
II. New obligations to support the aims of International organisations, in particular the United Nations (UN).
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