A Global Village
The world become one single entity, neither physical nor political boundaries exist among the no-longer-exist countries. Political leadership and world policies are regulated through a common political institution which most probably an evolutionary form of the United Nation. International trade become overwhelmingly large and covers all part of the world. We can buy Coca-Cola, McDonald, or Heineken everywhere with the same price and maybe with a bit different taste in different places. International investment will increasingly higher and larger, embraces any aspects of business.
Though international investment can be found everywhere in the world, the required conditions of doing it will also become considerably difficult. One reason for that is because environment problem has then become international issues that transcend national boundaries which we still don’t see nowadays. Therefore, in industries which directly have impact to environment, only companies with high qualification in handling pollutants and effects of their operational operations as well as high efficiency and effectiveness will be able to compete in the world direct investment.
Moreover, there will be only single currency in the stateless world. This will have large influence on how trades and other financial transactions take place. For instance, exchange rate will no longer become important part of financial instrument in trade. This would also mean that interest rates are determined by a world financial institution rather than local financial institution.
Information and communication technology will play significant role in the stateless world. Internet for instance, will get bigger and better in terms of its usage and coverage. IP-based telephone is one example of internet extension in the communication field. Mobile communication would be integrated with internet whereas wireless technology could be used to underpin mobile communication infrastructure. In other words, internet will be the backbone of world’s communication that provides cheap and reliable communication.
In the same sense, media technology will be also increasingly better. Television will still exist but probably in a certain way integrated with internet technology in streaming the programs. As a subsequent effect of this integration, television watcher will be able to see all TV stations in the world since they are broadcasted through the internet medium. Consequently, TV stations are all intended to provide global programs. There would be no more local TV with local programs since they have to compete in a global terms. TV stations might be situated in certain localities and exploit local distinctions, but those are intended to provide information and entertainment in global scale and scope for global society.
