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 ?
Prabhat Kumar, a former cabinet secretary who has served under four Indian prime ministers, put Indian perceptions of globalization into sharp focus.
By way of example, he says that the governments of some countries, such as Ireland and China, have taken the concept of globalization seriously and have placed their economies in a good position for growth.
When formulating a globalization strategy, the first step is to conduct a worldwide technology audit to understand the deployment of resources, and what compatibility and integration issues exist.
Globalization supporters argue that many more people benefit from globalization than are harmed by it.
Wartburg's participation in the Globalization of Theological Education program bolstered its historical global connection and local ecumenism.
Producers of advanced localization/translation technologies such as Trados are a central cog in the globalization wheel, employing advanced technology to create integrated multilingual services, or what Trados's managing director Kawasaki calls "globalization consulting.
Singer discusses the work of three Norwegian researchers who have applied buying-power indices to international income statistics, and found that from 1970 to 1997, as globalization was reaching around the world, international inequality steadily declined, if rather shallowly.
Globalization has received several body blows this year.
It will examine ways that international organizations can help turn globalization into a more inclusive process as well as:
But opponents say globalization tilts the playing field in favor of the world's wealthiest nations, leading to harsh working conditions in many foreign countries and often trapping those nations in continuing poverty.
The ruling Saudi elite opposes political globalization because they fear it will bring the menace of more democracy and an open society.