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 ?
People who search for a single solution to the challenges of economic globalism will be disappointed with the overall anti-global-capitalism movement.
Given that postmodernism and its theories have dominated the intellectual landscape of the latter quarter of the twentieth-century, examinations of their relationship to and intersections with globalization scholarship are necessary to any broad consideration of globalism and theory.
Reframing International Development: Globalism, Postmodernity, and Difference falls short of its lofty goals, and never manages to weave the many strands of its argument into a coherent whole.
As in the last section on the book, which takes to task risk theorists such as Beck and Giddens, this Part also develops, or rather assumes, not only a certain definition of globalism but also of postmodernism.
Thomas Friedman, for example, writes deftly on foreign affairs for the Times, but has grown so enamored of globalism he has little time for writing that does not focus on economics.
Three factors militated strongly against them - tv globalism, the poached-egg nature of the programme and the toxic site, which made obliteration of history a matter of public safety.
He is right in suggesting that corporate globalism systematically disadvantages the working class and that currently fashionable "deregulation" enhances corporate privileges and imposes inordinate risks on everyone.
export of superficial pop culture arguably plays a more pivotal role in globalism than the U.
Suggesting that there is nothing new in the present globalising impulse, Davidson notes that the world has seen waves of globalism before.
Watching collectivists howl at the gale-force winds of economic competition, globalism, and efficiency as their ideology sinks beneath a rising tide of modern prosperity - damn those conspicuous consumers
Simple globalism removes from the compass of democratic deliberation key questions of self-governance.