The Power of Education in a Globalised World: Challenging Geoeconomic Inequalities

Abstract

The globalization process has led to significant levels of controversy, as over the past few years, researchers have highlighted its negative connotations in terms of exacerbating economic inequalities, environmental degradation, exploitation of workers, loss of cultural diversity, and negative influence on democratic systems and financial stability. The negative connotation associated with the globalization process is not surprising. The implications for the global educational system significantly dominated by the influence of Western values, culture, and economic models based on consumerism to the detriment of traditional cultural and local identities have been eroded. The world economies are facing emerging areas of significant concern as we engage with the global dialogue seeking for alternatives to support sustainable economic development. On the one hand, globalization is seen as a force that cannot be stopped and will ultimately lead to everyone’s financial security. On the other hand, globalization seems to have been identified as the main culprit for economic and political imbalances affecting contemporary society. Significant aspects of the adverse effects associated with globalization relate to our global and diverse culture and the implications of leading toward a homogenized global culture. Others see it as an opportunity to flip conventional wisdom and construct cutting-edge practices. This essay provides a critical discussion and reflection on how the classic challenges of globalization have multiplied in the new, globally integrated world.