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globalization |
Also found in: Dictionary/thesaurus, Medical, Financial, Wikipedia, Hutchinson | 0.04 sec. |
globalizationProcess by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation technologies and services, mass migration and the movement of peoples, a level of economic activity that has outgrown national markets through industrial combinations and commercial groupings that cross national frontiers, and international agreements that reduce the cost of doing business in foreign countries. Globalization offers huge potential profits to companies and nations but has been complicated by widely differing expectations, standards of living, cultures and values, and legal systems as well as unexpected global cause-and-effect linkages. See also free trade. globalizationOperating around the world. Although many large companies have globalized for decades, the Web, more than any other phenomenon, has enabled the smallest company to have a global presence. See localization. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| But the de Montilles aren't exactly peasants, even if their small winery doesn't rival the awesome estates of the globalizers whom Nossiter's camera expertly flays. In chapter 2, the winners and losers of reform, in terms of income, have been identified, dividing middle Australia into four groups: globalizers (who prospered from economic reform); battlers (victims of involuntary redundancies and the self-employed); survivors (no change); and improvers (proactive achievers). According to conventional media wisdom, those globalizers want to promote unfettered communication and joint endeavors across national boundaries. |
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