Globalism Doesn't Have To Be Cruel

In the twilight of the 20th century, making globalization work humanely is quickly becoming the dominant issue of our time. From Boston to Bangkok, trade, investment, and information technology are exploding across borders and overwhelming governments' ability to provide social safety nets and public services to cushion the impact on people. A political backlash is building in Asia, Europe, and Latin America. It could even happen in the U.S., once the current economic expansion comes to its inevitable end. Although international corporations cannot shoulder all the responsibility, no challenge is more central to global management than finding a balance between the relentless pressure for short-term profits and broader social responsibilities.

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