The global financial crisis has made it clear that even the budgetary policies of small nations can endanger the economic vitality of a broader region, as evidenced by how Greece’s fiscal problems threaten to jeopardize the euro’s existence. Marvin Zonis and Joseph Yackley argue that as global interconnectivity grows, understanding the local political, social, and cultural dynamics of different countries is critically important to the success of foreign policy and international business. They also believe that global political stability and economic growth are often determined on the local level and are most affected by domestic institutions and leadership. If that is the case, then what is in store for the global economy, and what are the local issues that pose the greatest threats worldwide? Join The Chicago Council for a discussion on why “local” matters in the age of globalization.