The Future of Globalization: A Change of Pace
The Future of Globalization: A Change of Pace [SR-766]
If recent events are any sign, the open international economy
we have come to view as an integral part of the business land-scape in the early 21st century is under threat. Random violence around the world, the terrorist attacks of September 11, 2001, increasing complaints about inequities, the antiglobalization demonstrations in the streets of many big cities, and voters’ reactions against immigration are all indications of an increasing challenge to globalization.
Although the world economy has contended with these issues for years, the growing violence of recent events suggests that the world has become an even more dangerous place for global business. Each day we see new threats to the easy expansion of the world economy we have become accustomed to—threats not just to the marketplace but also to a range of political, social, and financial institutions.
The key issue is not whether the growing global economy is benefiting the world as a whole and virtually every country that participates in it. Of this there is little doubt.