PEACE, LOVE AND UNDERSTANDING?
One aspect of globalization that is often overlooked, though, is its role in the spreading of knowledge. From central bankers sharing tips on how to run their economies to business leaders mining the Internet to find out how best to manage their supply chain, almost everyone involved in global business and finance has more access to better information than ever before. The spread of that information is helping emerging markets dodge the pitfalls theyve stumbled into in the past. Its also leveling the playing field between the developed and developing worlds.
Inevitably, there will be many who perceive globalization to be a bad thing, but the benefits that arise from it in terms of poverty reduction, increased economic efficiency and, in many cases, political and economic stability are inarguable.
Spreading peace and love around the world will take a bit more time, but understanding? Were well on the way.
Until next month,