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 ?
Based on the results of previous research in this area, it is likely that managers of born global firms will differ from managers of gradual globalizing firms in terms of their international experience.
In keeping with the stages theory of internationalization, we expect managers of gradual globalizing firms to be more risk-averse thereby, slowing internationalization of the firm.
Hypothesis 3: Born global firms will have managers with higher risk tolerance than managers of gradual globalizing firms.
The sample included 60 born global firms (engaged in foreign activities accounting for 25% of all sales within three years of founding) and 146 gradual globalizing firms.
Basically, the first hypothesis predicted that managers of born global firms would have more global mindsets than managers of gradual globalizing firms.
In general, this exploratory study provided evidence that supported the underlying thesis of this research, that born global firms are different than gradual globalizing firms.
In terms of the differences, our results show support for the contention that managers of born global firms are different from managers of gradual globalizing firms and have different mindset, international experience, and risk-tolerance levels.
In other words, due to the positive attitude and mindset of the manager, internationalization for born global firms is not just an extension of domestic operation like gradual globalizing firms; rather, it may be the reason for the firms' existence (McDougall, 1989).
Other findings showed that managers of born global companies had more extensive international experience than managers of gradual globalizing firms.
The traditional forms of seclusion of women will not long survive a globalizing technology in which women can declare their presence and in time assert their rights.
War as a globalizing experience is not part of this book.
The globalizing forces that played a role in the financial crisis that struck many Asian countries -- international capital flows and technology trade -- were also essential to their decades of high growth preceding the crisis.