ABSTRACT
America and its democratic allies should strongly promote and carefully manage globalization, for it has significant beneficial implications for humanity. Globalization is causing, and being reinforced by, a worldwide convergence of economic and political values that portend a possible, though distant, future world in which human beings will look upon themselves as part of a single humane civilization comprised of a single human race. In economic globalization, markets for goods, services, financial capital, and intellectual property take on transnational or global proportions. Globalization is also a political event, as evidenced by the spread of democracy and human rights among nations. Although it may be less extensive and have a less immediate impact than economic globalization, political globalization nevertheless has a significant international presence. As economic globalization expands, it has been accompanied by a some-what lesser degree of political globalization in that there are substantial numbers of elected governments.
