globalization

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Globalization

Tendency toward a worldwide investment environment, and the integration of national capital markets
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Mr Oimeke assured Kenyans, that Epra will always strive to lower fuel prices when the cost of crude on the international market goes down.
'e International Markets programme will provide ongoing expert advice and training, which will give Welsh production companies a deeper understanding of global markets and increase our creative industries' place on the global industry platform."
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To identify international markets for targeted growth, the company conducts demographic studies and tracks the potential of international markets as they develop.
In 2014, Bulgaria's government is to sell bonds worth BGN 3 B on international markets in order to settle external debt worth USD 800 M in early 2015 and to finance a part of the budget deficit, which is to reach BGN 1.5 B in 2014, according to reports of Capital daily.
"80 percent of the country's hand-woven carpet has thus far been exported to the international markets," Afshar said.
The minister, in an interview with Sudan Tribune, further said oil companies, operators, and those involved in oil production and shipment to the international markets, through Sudan, also confirmed receiving its oil.
R.Seetharaman explained how Qatari banks can position themselves to develop their assets in international markets. He said, "Qatari banks can position themselves to capture the opportunities available domestically where the foreign multinational contractors secure multibillion dollar contracts.
Liang, unanimously said the consolidation can beef up the two companies' competitiveness in international market at a time when the international markets for TV chips and mobile phone chips are growingly crowded.
They cover essentials of international marketing, international markets and market research, product marketing, pricing and finance, international place or distribution, and promotion and personal selling.
USD lost value both in international markets and domestic market after the U.S.

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