Twenty years from now, the world will likely be more closely connected due to the continuous rapid improvements in technology. Advancements in transportation technology will enable much faster delivery of goods across long distances at lower costs, facilitating smoother trade between countries.

With continued liberalisation of trade and investment policies and pressures from international organisations like the WTO, the integration of markets across borders will deepen. This will result in greater competition among producers, both local and foreign, making markets more dynamic.

For consumers, this future offers a greater choice of goods with improved quality and lower prices. As seen in the last twenty years, these factors contribute to higher standards of living, particularly for the well-off sections in urban areas.

However, the impact of globalisation might continue to be uneven. While some producers and workers benefit from the new opportunities, others may face challenges due to rising competition. Thus, the future world will be more integrated, but the benefits may not be uniform for all sections of society.