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 ?
A pro-globalization scholar points out that to address the challenges of globalization, the following must be ensured:
The centrist parties in power from the Netherlands to France would be forced to take note of the public sentiment and adopt policies marking a retreat from the pan-European and pro-globalization stances of the past.
According to KOsebalaban, a pro-Islamic bourgeoisie has emerged in Turkey as a pro-globalization force.
And they see a rising tide of political resentment so strong that the successful pro-globalization, pro-capital policies of President Bill Clinton, which were remarkable in avoiding class warfare, are perceived as somehow part of America's tarnished past.
Mind you, even the German center-left party, still a highly pro-globalization party, found it necessary to separate from the Greens because Greens are now widely perceived as a high-income, socially dangerous party.
Companies like Hyundai and Samsung should have emerged in India, not South Korea, if Indian businesses had adopted a more pro-globalization attitude.
The AKP's pro-Western and pro-globalization policy agenda
In general, on Capitol Hill elements of both political parties today seem less enamored of the pro-globalization, pro-free-flowing capital policies of Bill Clinton than of the inward-looking economic and trade policies of Pat Buchanan.
President Thabo Mbeki of South Africa, an originator of the pro-globalization New Partnership for Africa's Development (Nepad), says that Africa must embrace the process but warns that it is leading to rising inequalities between and within countries.
Except for the rigid IMF and US Treasury Department, two sets of pro-globalization academic and political leaders have broken away.