The chapter begins with an introduction to globalization and discusses its strengths and weaknesses in the context of capitalism. Authors make the case that the net present value of globalization has been positive for both economic growth and human well-being. Consequently, they argue that globalization may serve as a paradigmatic platform for business education. The chapter places emphasis on the Master of Business Administration (MBA) program, as it is generally understood that professionalization of management takes place at the MBA level. Authors offer a theory of business education that incorporates globalization as a permeating notion in generating a usable body of business knowledge that would serve as the basis for management training. They outline parameters of management training that identify critical skills that contribute to managerial competence. By combing the two and an integrated business education and managerial competence, globally relevant model is presented. Then, in the context of our model, we address the leadership role of Canadian business schools in promoting a globalized curriculum for business education and management training. The leadership focuses on academic, institutional, professional, and political roles that academic institutions and accreditation bodies might be called upon to play. The chapter concludes with some strategies for globalizing business education that Canadian business schools can implement.