ABSTRACT
Recently there has been much debate about globalization, not only about its definition, but also about whether it is actually occurring, its significance, and how it shapes our future. Let me begin this paper by defining globalization, based on the work of Steven Flanagan, Ellen Frost and Richard Kugler under the auspices of the US National Defense University, as the process of the widespread growth of international activity.1 Globalization is creating ever-closer ties, enhancing interdependence and generating greater opportunity and vulnerability for all. Events at the far corners of the earth are now affecting each other. Countries and regions are being drawn closer together. Key trading nations are interacting as never before, and the pace of change is accelerating.
