Abstract

Globalization offers a comprehensive framework for addressing prospects for the peaceful evolution of people and societies in the Third Millennium, Global markets, trade and communications, along with science and technology, now drive social, economic, and political development, modernization, and cultural change. Globalization thus holds great promise of extending economic prosperity throughout the world. Paradoxically, globalization can also deepen the divisions between rich and poor nations, contribute to the revolution of rising expectations in the Third World, and exacerbate frustrations caused by the accelerated pace of socio-economic and political development and cultural change. The contemporary resurgence of religion reflects crisis of modemity--the loss of traditional anchoring of social, cultural, and ethical mores, self- and group identification and meaning. The key to a peaceful, democratic globalization is a successful modernization strategy which seeks to reconcile and conjoin the best elements of modernity and tradition, the individual and community, freedom and order, secularism and religion, democracy and authority.