The rapid pace of globalization raises a new set of management questions for business leaders—and the MBA programs that train them. In this video interview, Garth Saloner, dean of the Graduate School of Business at Stanford University, talks about how MBA education is changing to meet the needs of a new world, one in which companies are borderless and emerging markets demand increasingly experienced talent. He also discusses curriculum reform, how to train students effectively in the soft skills of leadership and critical thinking, and the impact the economic crisis has had on the business-school community. Lenny Mendonca, a director in McKinsey’s San Francisco office, conducted the interview.