Globalization, business without borders, allows for economic integration and the free flow of capital innovation and ideas throughout the world. The field of journalism has an important role in the process of globalization. News agencies around the world maintain bureaus staffed with experienced financial reporters assigned to gather and disseminate a full of economic financial news. At the basic level this includes publishing stock range and bond prices and noting gains and losses on days when a country's market is open. Currency conversion exchange rates and interest rates are other of this type of reporting Without the ability examples not be to spread this information quickly and efficiently around the world, true globalization would possible Journalism plays a further and much more controversial role in globalization that goes beyond the reporting of numbers and data. Large corporations with experience in international business can afford to independently analyze and research data overseas opportunities. For the small business or independent investor this is often not the case. In this situation, newspapers such as The Wall Street Joumal and cable television stations including CNBC provide earnings repo expert analysis and advice. This wealth of information is an excellent tool for businesspeople. Problems may arise, however, when and broadcasters make analysts recommendations based on bad information or violate the ethics of journalis and for business by, example, accepting money to endorse a company without disclosing the relationship The media involvement in globalization goes beyond financial reporting or analysis. As the principal force in the world wide communications network, journalists shape the views of all of us on political matters, wars, disease and disasters Whether media outlets of the world are prepared for the reality of their responsibilities in the lobalized world is the heart of the issue. Good journalists must be committed to be unbiased observers of worldwide events they are not. ia in totalitarian states is strictly controlled to serve the best interests of the often, government or certain members of the government. Even in states that allow freedom of the press, the loudest voices in the media landscape are often owned by corporations that are richer than some states and it is possible that this may influence their reporting