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 ?
Hyper-globalizers, who believe that globalization is sweeping away national boundaries, weakening the power of states, and leading to super-territoriality in social relations
While McMillan cautions against drawing generalizations from her limited sample size, her results do put a dent in the proposition that (developing) states are helpless in the face of globalization.
The main conclusion of this timely volume is that globalization has had profound consequences for East Asia's political, economic, social, cultural, and security development.
Richard Osmer, "The Teaching Ministry in Multicultural World," in God and Globalization, Vol.
Therefore, we argue that the main linkage between international relations and globalization theory relies in the new empirical realms of world politics; namely, in the different mechanisms of global and regional governance.
However, while globalization has increased transmission of popular culture from the developed countries easily and inexpensively throughout the world, nationally-based media tried hard to develop local television, movie, and video programs.
Economic globalization is characterized by flows of products, services, capital and information flows relating to market activity over a longer distance.
He agrees with the negative critique of globalization one usually hears from those disadvantaged or excluded from the benefits of globalization, but feels at the same time that to read globalization only from that angle misses important dimensions.
The author summarized the recent research on globalization very nicely to make a case for the globalization and rebut the charges against it.
The second book argues that it is absolutely critical that globalization succeed but makes those arguments from an utterly different perspective.
Be clear, in advance, about who in your company is going to manage your globalization strategy.