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One of the most prominent and vital parts of modernization is the global integration process that affected many countries and people. Globalization brings a greater understanding of other cultures, creates a wider range of access to information and goods, and encourages technological growth. However, the integration became more complex and rapid over the years, making it systemic due to the higher number of internal connections. There are four main systemic risks: ecological thinning, pandemics, financial crisis, and climate change. While all of them are significant and pose a great danger to humanity, climate change has the most devastating and vicious effect.
Ian Goldwin, in his talk, called four systemic risks a new currency that will influence the way people think and mobilize (Goldwin, 2009). One of the greatest concerns for me is climate change. It was a concerning topic for various years, and now it became evident that climate change will affect not only nature but also the capital market’s stability, which will be an immense risk for society. The harmful effect and detrimental consequences of climate change systematically influence on environment and economy. Recent temperature fluctuations and changes brought many species to the brink of extinction and left many animals without their natural habitat. The over-consumerism, greenhouse effect and capitalistic actions should be stopped to maintain and stabilize our planet and market.
The concern related to the financial crisis might be more worrisome for the general audience since continuous integration contributes to migration. The war on talent and the need to attract young and brilliant people to drive the economy will be inevitable. The lack of workplaces and resources will create a crisis that will affect only poor people, making globalization less inclusive and comprehensive. The over-consumerism, greenhouse effect and capitalistic actions should be stopped to maintain and stabilize our planet and market. So, the measures that have to be taken to stop global warming contradict the current economic and political model, making the climate change issue more complex and thus has to be a priority.
With the constant and rapid development of technologies, humanity is about to begin a new era of innovations and values. While globalization promotes interactions between different areas and nations around the globe, equal rights and opportunities, it also poses a severe threat to humanity and the environment.
Reference
Goldwin, I. (2009). Navigating our global future [Video]. TED.
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