I would just like to mention that TWO students from my alma mater, Christendom College, received awards in ISI's International Student Essay Contest, taking 1st and 3rd places respectively. The topic:
Can Character and Communities Survive in an Age of Globalization?
I skimmed the first place essay and it is worth reading.
The odd thing is that I was just pondering the same question myself and James Poulos over at Postmodern Conservative obligingly offered his thoughts on the question.