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 ?
Throughout Wales, a new society is emerging, we have a sense of finding our place in a larger global society.
Students will use technology skills to obtain, evaluate, utilize, create and share information to fully participate in an ever-changing global society.
Clearly, meeting the demands of living in a global society and America's status as a world leader are increasingly dependent on the development and better use of all of our human resources (Elam, 1993).
Participants used the ark's twin, 96-inch "unicorn horns" to parade the wooden box around town; the mayor joined in the activities at city hall; and public schoolchildren were conscripted to write about the ark and what it means to our aspirations for "a just, sustainable and peaceful global society," as the Rockford Register Star put it.
Walechsa on the other hand pointed out that old political structures must be revamped to serve a new global society.
As a space socially determined by a selected set of diverse individuals, the installation could be what Fredric Jameson asks for in Postmodernism, or The Cultural Logic of Late Capitalism when he proposes the need for "an aesthetic of cognitive mapping," defined as the mapping of the totality of systems that enmesh the individual, giving the individual a heightened sense of place within the structure of a global society.
In his acceptance speech, Thomas Maguire spoke about the value of ORT's training courses, which equip students with the skills they need to ensure a better life for themselves in the high-tech global society.
We can only hope that, faced with the reality of the horrors ahead, world leaders will overcome their past differences and co-operate to bring some sanity back into our global society so we can all live in peace.
Sperling himself admits to personal wealth in the hundreds of millions but, rather than retreat into retirement as might be expected of someone as old as the Pope (81), Sperling is making astonishingly bold investments in cloning and anti-aging research that could shake the foundations of American and global society for the rest of the 21st century.
However, that society has evolved into a more complex, global society of the twenty-first century that is faced with fighting crimes that previously had been unimaginable.
The system of justice in the United States, which focuses on territorial jurisdiction, hampers the ability to police in a global society.
The cost of this consumerism to others, and to the wider global society, is often disregarded.

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