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 ?
Globalization as a powerful determinant has transformed nations, individuals, corporations, and products and has inspired in China an increasing need to harmonize laws and synchronize a legal framework over and above considerations influenced by sovereignty.
These political trends illustrate the assumption that processes of globalization have brought about (global) problems in these different issue areas that defy the abilities of any single government to resolve them on its own, so they perpetuate the need to reconstruct basic notions of politics on a multilateral basis.
GLOCALIZATATION COMBINES IDEAS ASSOCIATED WITH GLOBALIZATION WITH LOCAL ISSUES AND CONCERNS.
The idea of easier and growing trade as a force for good is central to globalization, whose backers believe that the economic growth trade brings can benefit all segments of an economy.
But globalization was used the first time in 1944 [17].
In dealing with the problems brought by globalization, China has not lost its domestic focus.
Globalization and inward flow of FDI can improve technology output through knowledge spillover, development of human capital, and competitive business environment.
This new form of globalization - this new wage arbitrage, if you will - is being enabled by international freelancing platforms like Upwork.com, by advanced telecommunications technology, and by machine translation (as I pointed out in a previous blog post).
He contends that the church needs to reengage the world in ways that acknowledge and embrace the new realities created by globalization. This can be accomplished through theological and missional contributions to forging a global civil society and moral ecology, and solidifying links between justice and spirituality.
The Bertelsmann Foundation's Aart De Geus concluded that people's concerns about globalization must not be ignored.
These measures will help the researchers to better understand how consumers in Pakistan are responding to globalization and its inevitable effects.
The Cultural Dimension of Globalization: Sameness vs.