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 ?
Based on the results of previous research in this area, it is likely that managers of born global firms will differ from managers of gradual globalizing firms in terms of their international experience.
In keeping with the stages theory of internationalization, we expect managers of gradual globalizing firms to be more risk-averse thereby, slowing internationalization of the firm.
Hypothesis 3: Born global firms will have managers with higher risk tolerance than managers of gradual globalizing firms.
The sample included 60 born global firms (engaged in foreign activities accounting for 25% of all sales within three years of founding) and 146 gradual globalizing firms.
Basically, the first hypothesis predicted that managers of born global firms would have more global mindsets than managers of gradual globalizing firms.
In general, this exploratory study provided evidence that supported the underlying thesis of this research, that born global firms are different than gradual globalizing firms.
The traditional forms of seclusion of women will not long survive a globalizing technology in which women can declare their presence and in time assert their rights.
Our aim throughout has been to facilitate the alignment of Taiwan's niche capabilities in biomedical applications of biotechnology with the needs of a globalizing U.
By uniting the Rhythmyx Content Manager with Uniscape's Globalization Infrastructure, we will provide our customers with a comprehensive solution for expanding their online business internationally and globalizing their Web presence.
Digital Island(R) is a leading provider of network services for globalizing e-Business applications.
NASDAQ:ISLD), a leading provider of network services for globalizing e-Business applications, announced today Bell & Howell Information and Learning as a customer, establishing in-country status for Bell & Howell in new markets and enabling closure of online database sales to strictly regulated universities and government institutions.
Digital Island (NASDAQ:ISLD), a leading provider of network services for globalizing e-Business applications, announced today that Intraware, Inc.