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 ?
Hence, the balance of catching up versus falling back shifts to the former, once the number of people living in successful globalisers among Third World economies is taken into account.
A large number of younger protestors called themselves "Other Globalisers" (Les Altermondialists).
The national borders so derided by globalisers serve a vital purpose by identifying the groups of people entitled to participate in the government of particular land areas.
At the international level, neo-liberal globalisers have concentrated all their efforts on three fundamental points: free trade in goods and services, free circulation of capital and freedom of investment.
But while that language captures some of the essence of the difference, I have come to think it is inadequate, because it doesn't pay sufficient respect to the feeling that the "globalisers" are ignoring genuine problems with the way their creation is working.
While Erdogan and Modi, like President Xi Jinping in China, promise national reassertion, they are still economic globalisers - the "Davos Man" who has come to represent the global elite.
But the inequalities that the neoliberals and globalisers sought as an object of policy have now become a major source of dysfunction and implosion for the entire market system.
Only his morals can protect him from the dubious sexual attentions of glamorous globalisers Whitney and Britney Colqhoun, who stalk the corridors of power at Costly Coffee.