The title of this article might suggest that it refers only to the global economy, discussing problems that are not important for particular localities, regions or universities. Such reasoning is however wrong. I the near future the globalisation of industries, services, investments, finance, labour markets and knowledge will expand, regardless the protectionism of nations. The effects of globalisation will touch everybody: countries, regions, local societies and individuals. If we want to be successful, both as a country and as individuals, we have to be well prepared for this process.