Economists have talked about issues of globalization for decades even if the term itself emerged only recently. They say it brings the decay of social values, culture and the environment. Too often the term is thought of as synonymous with unbridled capitalism, where any entrepreneur can raise money anywhere in the world, make anything and sell it anywhere else. I'd argue, however, that the real challenge is not to decide whether globalization is good or bad, but rather to ensure that dismantling walls provides more fulfilled lives in all parts of the world.
Globalization can be a force to create growth and opportunities.
It has opened markets and linked economies and cultures. Canada has proposed that the Summit of the Americas, to be held next month in Quebec City, would be an appropriate time for governments of the Hemisphere to consider initiatives for engaging the private sector, the multilateral development banks and civil society in a dialogue directed toward practical outcomes in support of the principles of good corporate governance and social responsibility. Canada was then successful in securing a commitment from the OAS to study CSR further, through the adoption of a resolution at the OAS General Assembly held last June in Windsor, Ontario. This is especially relevant seeing as fully one third of Canadian jobs today are tied to international trade. The economies of 34 nations from North, Central and South America and the Caribbean represent 800 million people and more than one third of all the goods and services produced on the planet.