Is globalization a threat to humanity, or its salvation? Globalization is transforming trade, finance, employment, migration, technology, communications, the environment, social systems, ways of living, cultures, and patterns of governance. For globalization to be successful, markets have to rest on a framework that enables their energies to flourish and to be used for socially and ecologically sustainable development. However, the reduced power of national governments combined with the spread of worldwide free markets and technological innovation without a corresponding authority to regulate them is leading us in another direction.
