For that reason alone, despite the opposition, the tide of globalization will not be substantially reversed. Its benefits far outweigh its costs, even though specific sectors and communities will be severely damaged. Consumers want wider, cheaper choices. Intellectuals want an expanded network of ideas. Business searches for profit in global markets and international technologies.
Investors seek new growth opportunities over the horizon.
Nations have learned that greater security can be achieved collectively rather than alone. Globalization is not just an economic or commercial phenomenon. It is a social evolution bringing individuals, organizations, nations and cultures closer together. Given this importance, every organization should take the present and potential effect of globalization into account in formulating its strategy. The Kiplinger Washington Editors, Inc.