The new world which is poised to usher in era of peace and prosperity is itself dependent on technology for its effectiveness. Technology can break barriers and lead to the forging of the world community into a world citizenship. In the past decade, the world was witness to the emergence of new social and political forces driven by development in technology. The common man is conscious that developments today qualitatively different from those of the preceding decade. The new forces have liberated human consciousness from the ideological boxes. The revolution communication, information and transportation technology is the watershed creation of the global system encompassing the whole planet.

The fear of lagging behind in the technological race compels nations to cooperate and re-align. Technology shapes and reshapes ideas, cultures and world views. Let us hope that the explosion in freedom, triggered by the technology, will lead to a further awakening to formulate plans for global issues related to development for all world citizens. Electronics and biotechnology promise a new hope for globalization. But to create this new world, effective management, entrepreneurship and innovations will have to developed and deployed. The new world offers hope for everyone. For the advanced nations, it is the victory of capitalism. For the socialist nations, it is an opportunity to restructure after 40 years of Cold War, and adopt modern management and technology needed to improve the standards of living with the freedom and flexibility of a democratic society.

For developing nations it is a challenge to demand their fair share and avoid isolation and alienation, to make sure that the tension between the North and the South does not delay development. The new world is positioned to bring hope of peace and prosperity, cleaner environment, increased dominance of technology and technocrats, new developments and breakthroughs in the field of health, transport, electronics, communication, robotics, biotechnology and the possibility of a world government with fading and, in some cases, disappearing borders with free movements of goods, services and people, ultimately leading to world citizenship at-least for the technocrats of the world.