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 ?
The case of Mexico tends to support the argument of the World Bank (2002: 5), according to which rising income inequality observed for Latin American globalisers is "due to prior extreme inequalities in educational attainment".
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.
While Erdogan and Modi, like Xi Jinping in China, promise national reassertion, they are still economic globalisers - the "Davos Man" who has come to represent the global elite.
Harassed by European power, assassinated when they were determined to free us, jailed and isolated until they lost the energy for dreaming of new worlds, they helped to lull us into embracing the identities structured for us by European slavers, colonialists and globalisers. And now we can see that the trouble with our imposed identities is that they work all too efficiently, and because the purpose they are designed to serve goes against our interests, they work consistently against us.