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This paper presents a study that was intended to explore impacts of a globalized world in K-12 teacher education/preparation practices in the US, by posing two research questions: 1) How are future teachers being educated and prepared for the diverse multi-ethnic students’ population in the US, and for a globalized world economy; and 2) How do national and state core standards reflect the impacts of a globalized world, and in what way these standards can impact teaching and teacher education practices in the US? An exploratory study was done using a mixed-methods, and the results show that most teacher candidates felt they are unprepared for teaching diverse students and lack cultural competency.