In order to discuss community responses to the global market place, we must first look, briefly, at what we mean by globalization. I suggest that there are two versions of economic globalization: the late-industrial age form, and the early-information era variant. Both of these two versions of globalization are true. It remains to be seen whether they are mutually exclusive competing models or whether they are complementary. At least in the near term, both versions will be found in the global economic system, resulting in a mixed mosaic. How a community responds to globalization depends on which version you seek to respond to. Economic development in the information age has its own very special set of characteristics and challenges.