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 ?
Smith's research suggests that neither the democratic globalizers nor transnational neoliberals operate as cohesive networks.
(4) Dollar and Kraay [2004] use two different measures for identifying post-1980 globalizers, the growth in trade relative to GDP and the reduction in average tariff rates.
Stepes plans to release a client module of its mobile translation software for globalizers that simplifies uploading and monitoring translation projects, including web-based content.
At the same time, the role of the IFIs and GATT as engines of globalization attracted the attention of Northern nongovernmental organizations (NGOs), who attacked the GEMs for the adjustment costs imposed on developing countries and the possible effects of globalization (and the globalizers) on regulatory regimes (environmental, labor standards, consumer safety) in the North.
(23) Vease Nayan Chanda, "The early globalizers" en India & Global Affairs, octubre-diciembre 2008, p.
So, in some ways, we are early globalizers; it has a maturity curve of its own, and on that dimension of diversity of management, we will take some more time to reach that level of maturity.
Woods, Ngaire, The Globalizers. The IMF, the World Bank, and Their Borrowers, Ithaca, Cornell University Press, 2006.
According to Professor Mark Levine the "neo-liberal globalizers and neo-conservatives, and ultimately the Bush Administration, would latch on to creative destruction as a way of describing the process by which they hoped to create their new world orders", and that "creative destruction [in] the United States was, in the words of neo-conservative philosopher and Bush adviser Michael Ledeen, 'an awesome revolutionary force' for (C*) creative destructionC*"
During its golden age of growth from 2002 to 2006, Turkey became one of the most prominent globalizers in terms of exposing its trade and finance sector to global trends.
But what can companies learn from the pioneering work that leading-practice "globalizers" have done?