globalization

(redirected from Pro-globalization)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia.

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 ?
87) This disclaimer, although not universal, highlights the primary weakness of the pro-globalization group.
The "thinkers" at the Prometheus Institute, and other pro-globalization groups who have branded America's farmers as useless in the new world economy, are sorely mistaken.
What explains AKP's pro-EU, pro-market and pro-globalization stances?
The bottom line is that even the pro-globalization CFR has published an article admitting that American public opinion is swinging toward rejection of open borders, so-called free-trade agreements, and globalization in general on the basis of widespread wage and job losses.
Two of the most creditable responses in the spate of pro-globalization literature that followed are Why Globalization Works, by the financial journalist Martin Wolf, and In Defense of Globalization, by the economist Jagdish Bhagwati.
Bhagwati is equally unrealistic in his apparent belief that his proposals would win over globalization's strident enemies, bringing pro-globalization and anti-globalization forces together over "a shared success.