In the first paragraph, in 2-3 sentences, please define the phenomenon of globalization, the levels of business globalization, and then state its significance to the Blue Nile, Inc.from a strategic perspective.

2) INDUSTRY: In the second paragraph, please outline the globalization of diamond industry, and the impact of the three aspects of globalization such as: economic systems, political systems and socio-cultural values, upon the diamond industry. Explain what challenges and opportunities globalization offers to the diamond industry.

3) MANAGEMENT: In the third paragraph describe how Blue Nile, Inc., should engage issues related to international security, international business, and political economy. You can explain your international strategy for Blue Nile., Inc., given the existence of access to profitable markets situated on the territory of, or the territory controlled by rival military powers. Explain your interaction with rival banking systems (BRICS Banking, vs. IMF and World Bank), your management of currency exchange, interaction with financial markets and governments, political instability, and so forth. 4) CONCLUSION: In the fourth paragraph, you should simply conclude by explaining why and how you will change your global strategy for Blue Nile, Inc.