Chapter 1

Capabilities for a Globalized World

Nothing has demonstrated our interconnectedness more clearly than the financial crisis of 2008 through 2009. What happened on one side of the world profoundly impacted the other side. As a global family of nations, we are irrefutably connected financially, environmentally, culturally, and politically through business interactions, educational institutions, and research institutions and through the stresses and fractures that such interconnectedness creates. Consider the following, which appeared in a 2009 business quarterly:

As worldwide connectivity and real-time communication became commonplace, boundaries for business purposes became blurred and entire industries began to converge. The world ...

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