Globalization and Economic Growth

Globalization didn’t ruin the world—it just flattened it. And on balance that can benefit everyone, especially the poor. Globalization has pulled millions of people out of poverty in India and China, and multiplied the size of the global middle class. It has raised the global standard of living faster than that at any other time in the history of the world, and it is supporting astounding growth. All world economic activity was valued at $7 trillion in 1950. That’s equal to how much growth took place over just the past decade, even including the recent downturn. Whatever people’s fears of change, globalization is here to stay—and, if properly managed, it will be a good thing.

                Thomas Friedman - New York Times columnist and author of The World is Flat

Quotable Quotes

People ask me, how is managing in the New Economy different from managing in the Old Economy? Actually, it's a lot the same. It's about the financial discipline of the bottom line, understanding your customers, segmenting your customers by their needs, and building a world-class management team.

             Meg Whitman - Former CEO of eBay

Building A Finance Team

The best CFOs also understand that focusing on recruiting and retaining a high-quality and high-performing finance team is essential. Having the right team in place ensures that nothing is slipping through the cracks. I'm very dedicated to developing leaders within our finance organization. At the end of the day, a company's success is determined by its people, and we can never forget that.

Carol Tome', CFO, Home Depot (as quoted in Business Finance Magazine, August 2005)