Globalization refers to the reduction barriers to trade and investment, which is facilitating the internationalization of countless firms. Globalization is quickening and affecting firms around the world. Globalization is associated with various issues and challenges that confront firms as they undertake international business. Among the major issues are the condition of the global economy; indebtedness of national governments; power shifts to emerging markets; and country risk in the developing economies. Visit global EDGE™ and enter the key word "globalization". Explore the information and websites that emerge from your search. Write a report on the most important contemporary issues that firms are facing as they undertake international business.