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 ?
"Law firms are now globalized, employing lawyers from different countries.
Where blue-collar parents could once produce white collar children or grandchildren, such a gradual ascent may no longer be meaningful or likely in a globalized world.
To emphasize the difference that ICTs make in the way business is done--a combination of globalized communication and the commodification of information--various terms have been used to describe the new economy.
But the simplistic formula of access and opportunity equaling racial progress denies the complexity of racism and its globalized effects on sports and society as a whole.
The game of nationality labelling has increased in proportion to the creeping threat of globalized markets.
Jiang Chunyun, vice chairman of Standing Committee of the National People's Congress said in his opening remarks that the meeting aims to discuss ''co-existence and co-prosperity'' in the globalized economy by addressing such challenges as poverty and the environment.
Protests against economic globalization are becoming increasingly prominent around the world and should be a cause of concern for people who believe in and profit from the "globalized economy," Yashwant Sinha, India's minister of finance, warned in a speech at Stanford (Calif.) University.
The twentieth century is the only century which has witnessed globalized warfare - one from 1914 to 1918 and the other from 1939 to 1945.
Law enforcement must prepare for the globalized syndication, now underway, of criminal groups connected by strong ethnic ties (Chinese), large numbers (black gangs), sophistication (Russian), and drug-related violence (all of the above).
"In this world where industry is globalized, where markets are globalized, where communications are globalized, we Christians have to learn to globalize justice, solidarity and fraternity."
It is this globalized border of the 1990s that Sebastian Rotella brings alive with sometimes chilling storytelling in Twilight on the Line: Underworlds and Politics at the U.S.-Mexico Border.