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 ?
Globalize is now a possible for the Kentucky Derby, with Holendorfer saying: "Every trainer is always thinking about it and I'm no different from anybody else.
The new platform is expected to facilitate local companies' globalization drive and enhance their overall image and popularity in the world arena," Su said, adding that the CNA-TSE-Business Wire collaboration will not only help upgrade Taiwan's international competitiveness but also manifest its determination to globalize its capital market and increase the transparency of related information.
Through Seratel, organizations can globalize, diversify, and grow their call center operations to deliver exceptional customer care, while eliminating the need to invest in additional call center infrastructure.
Barnes Aerospace continues to globalize its manufacturing operations to better meet the demand of our worldwide customer base," said Patrick Dempsey, President, Barnes Aerospace.
Additionally, IVAX' international human products business presence will provide opportunities to globalize its animal healthcare business.
The book forces readers to question how our society globalizes names and how corporations manipulate "branding" for marketing purposes.