These business choices are responsible for bringing about a stable world economy. Kemal Davis (2005) at the Financial Times and International Finance Corporation, summed it up this way:
"Given the scale of the challenge we face, there has never been a more critical time for the private sector, together with government, society and others to work together to build a better globalization for all (online)."
Building a globally-integrated world is a bold goal, but not unattainable. Business must take the lead and create for itself an environment of consumer trust, product quality and safety, and become more socially diverse and politically smart. Business must demonstrate its integrity, and concern for their markets by creating international trade and financial institution laws and oversight that are uniform and enforceable. How businesses take the lead in doing this, the path they choose to pursue, will set the course now for what is to emerge in the future, and upon which depends the stability of the world economy.
Works Cited
Davis, Kemal, (2005). Newsroom, United Nations Development Programme, found online at http://content.undp.org/go/newsroom/2005/november/statement-dervis corporation-conference-20051109.en?src=print, retrieved...
Technology and Digital Business, FT.Com,
Financial Times, found online at http://www.ft.com/cms/s/0/4f043b02-d06e-11de-af9c-00144feabdc0.html, retrieved February 1, 2010.
Grein, Andreas F. And Gould, Stephen J., (2007). Voluntary Codes of Ethical Conduct:
Group Marketing Salience and Globally Integrated Marketing Communications Perspectives, Journal of Macromarketing, 27/3, 289-302, found online at http://jmk.sagepub.com/cgi/content/abstract/27/3/289, retrieved January 31, 2010.
Hansen, Fay (2000). Global Mergers and Acquisitions Explode, AllBusiness.com, found online at http://www.allbusiness.com/finance/597296-1.html, retrieved February 2, 2010.
Knowledge @ Wharton, (2004). Executives Trade Stories on the Challenges of Doing
Business in a Global Economy, Knowledge @ Wharton, found online at http://knowledge.wharton.upenn.edu/articlepdf/1067.pdf?CFID=15868938&CFTOKEN=47239991&jsessionid=a830d50b1d3e38e66860442b7525557d5923, retrieved January 31, 2010.
Associated Press (2007). Mattel Issues New Massive China Toy Recall, MSNBC.com, found online at http://www.msnbc.msn.com/id/20254745/, retrieved January 30, 2010.
