Globalization (redirected from Globalization-advantages and disadvantages)

Globalization

The tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets.

Notes:

The advantages and disadvantages of globalization have been debated and scrutinized heavily in recent years. Proponents of globalization say that it helps developing nations "catch up" to industrialized nations much faster through increased employment and technological advances. Critics of globalization say that it weakens national sovereignty and allows rich nations to ship domestic jobs overseas where labor is much cheaper.

See also: Group of Eight - G-8, International Monetary Fund - IMF, Multinational Corporation, North American Free Trade Agreement - NAFTA, Organization For Economic Co-operation and Development - OECD, Protectionism, Social Responsibility, World Trade Organization - WTO

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Globalization

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