globalization

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Globalization

Tendency toward a worldwide investment environment, and the integration of national capital markets

Globalization

The integration of global markets by the reduction trade barriers, improved communication, foreign direct investment, and other means. Globalization allows a multinational corporation to make a product in one country and sell it in another. This provides jobs in one country and less expensive goods in the other. Globalization also allows for the free flow of capital between countries, which many believe spurs economic growth. Proponents of globalization argue that it allows developing countries to continue and hasten their levels of development, and that it protects consumers in developed countries. Opponents believe that globalization serves the interests of multinational corporations at the expense of small businesses, which sends jobs to other countries needlessly.

globalization

the tendency for markets to become global, rather than national, as barriers to INTERNATIONAL TRADE (e.g. TARIFFS) are reduced and international transport and communications improve; and the tendency for large MULTINATIONAL ENTERPRISES to grow to service global markets. See INTERNATIONALIZATION.

globalization

the tendency for markets to become global, rather than national, as barriers to INTERNATIONAL TRADE (e.g. TARIFFS) are reduced and international transport and communications improve, and the tendency for large MULTINATIONAL COMPANIES to grow to service global markets.
References in periodicals archive ?
Soros does offer a sketch of concrete measures, both in the short run to manage and resist financial crises, and in the long run to correct the path down which global capitalism is taking us.
Just as the old Social Democracy and the New Deal stabilized national capitalism, the historical function of Global Social Democracy is to iron out the contradictions of contemporary global capitalism and to relegitimize it after the crisis and chaos left by neoliberalism.
Drawing on the work of Manuel Castells, Munck looks at the mega-cities of our time as the microcosm of global world order because it is here that the riches and miseries of global capitalism are manifest in one place.
The more people become aware of the issues, the more progress is made toward the eventual goal of eliminating the dehumanizing and wasteful reign of global capitalism.
These fears, while legitimate, keep us from directing attention to the enemy, which is the flattening greed of global Capitalism.
It comes at a critical political conjuncture: the intercession between global capitalism at its most dominant phase and the global cultural logic.
Contributors for all three sections are concerned with how cooperation could be advanced in the context of global capitalism.
Old-fashioned power politics is becoming increasingly obsolete because it conflicts with the imperatives of global capitalism.
Rick is an inventor who owns a junk shop and fantasizes about bringing down global capitalism, while Marietta hosts a local daytime talk show broadcast from a shopping mall and dreams of riding the now fashionable millennium obsession out of the mall and into TV stardom.
Campinas, Brazil) offers this contemporary Marxist analysis of work under modern global capitalism.
The Mullingar-born singer, who died last Christmas, was the focus of many rumours about his private life but an apparent linking to an underground plot to overthrow global capitalism is probably the most colourful.
He will argue that what drives people to demand instant self-reinvention - from plastic surgery to online therapy, from compulsive consumerism to reality television - is the emergence of a 'new individualism' generated by global capitalism.

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