That a bubble in a quintessentially non-tradeable sector like housing snowballed into a global financial crisis, taking a devastating toll on global growth and welfare, is a demonstration of the ferociousness of the forces of globalization. Managing globalization With degrees in hand today, you will be entering a world that is more globalized than the one I had spent my career in.
Globalization, as we just noted, comes with benefits and costs. No matter what career you pursue or where you choose to work, you will have to learn to manage globalization in ways that will maximize its benefits and minimize its costs. I can hardly presume to give you a primer on that. I will attempt something less ambitious.