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Society & Culture

Globalization wields powerful influence over societies and cultures. Business travelers and tourists both observe and distribute new ideas. New ideas, interactions, foods and products are tried, then embraced or discarded. With the internet or satellite television, films, publications, photographs, news reports and cartoons can travel instantly, entertaining or angering audiences around the globe. With social media like Facebook or Twitter, individuals offer news and own instant pronouncements on trends. Whether slowly through immigration or immediately online, these connections bring about some convergence of norms on fashion to human rights while also provoking challenges from traditionalists. A global society has emerged, and it’s tightly linked.

Economy

The global economy thrives on globalization and the increasing interdependence of finance, production, consumption and trade. Such integration has reduced poverty, yet varying national policies along with ever-increasing speed of transactions and market news have also contributed to imbalances, both among nations and within. Regulations often do not keep pace in managing cross-border debt, foreign direct investment, corporate practices, tax codes or economic bubbles. The eurozone crisis and the US subprime mortgage crisis have demonstrated that one nation’s problems and panic can spread like wildfire. Nations must combine a competitive spirit with cooperation to achieve stable economic growth and sustainable prosperity.

Society & Culture

Globalization wields powerful influence over societies and cultures. Business travelers and tourists both observe and distribute new ideas. New ideas, interactions, foods and products are tried, then embraced or discarded. With the internet or satellite television, films, publications, photographs, news reports and cartoons can travel instantly, entertaining or angering audiences around the globe. With social media like Facebook or Twitter, individuals offer news and own instant pronouncements on trends. Whether slowly through immigration or immediately online, these connections bring about some convergence of norms on fashion to human rights while also provoking challenges from traditionalists. A global society has emerged, and it’s tightly linked.

Economy

The global economy thrives on globalization and the increasing interdependence of finance, production, consumption and trade. Such integration has reduced poverty, yet varying national policies along with ever-increasing speed of transactions and market news have also contributed to imbalances, both among nations and within. Regulations often do not keep pace in managing cross-border debt, foreign direct investment, corporate practices, tax codes or economic bubbles. The eurozone crisis and the US subprime mortgage crisis have demonstrated that one nation’s problems and panic can spread like wildfire. Nations must combine a competitive spirit with cooperation to achieve stable economic growth and sustainable prosperity.