globalization

(redirected from International market)
Also found in: Dictionary, Thesaurus, Medical, Financial.
Related to International market: World Market, International market index

globalization

Operating 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.

globalization

A mulifaceted process in which the world is becoming more and more interconnected and communication is becoming instanteneous. Aspects of this process include:
  1. the transformation of the spatial arrangement and organization of social relations involving ‘action at a distance’, a stretching of social relations and transactions (and power), including instantaneous communications across time-space;
  2. the increasing extensity, intensity, velocity and impact of global social relations and transactions (see Held et al. 1999);
  3. the creation of new networks and nodes – the ‘network society’ (CASTELLS) – associated with the new levels of dependence on knowledge/ information and ‘expert systems – the ‘information’ or ‘knowledge society’ – as well as the new risks associated with this – RISK SOCIETY;
  4. a dialect between the global and the local in which (consistent with a dialect of power and the duality of structure) the outcome is not a simple triumph of the centre over the periphery, mere Americanization’, or suchlike (see also MCDONALDIZATION).

As Held et al. (1999) suggest, a ‘vibrant’ ongoing debate exists on the characterization of globalization between three groups of theorists:

  1. ‘hyperglobalizers’ (e.g. Ohmae 1990; 1995) for whom global marketization is the main driver;
  2. 'S ceptics’ (notably Hirst and Thompson 1996a and b), who play down the level and distinctiveness of the change;
  3. ‘transformationalists’, including GIDDENS, for whom globalization is a distinctive new phase such that societies and states across the globe are experiencing profound social as well as economic changes – a ‘massive shake-out’ of social relations, economies, governance and politics – as they seek to adapt to an increasingly interconnected but also unpredictable and uncertain world.
References in periodicals archive ?
The main objective to design and produce Runna and Dena was to present new IKCO cars that were competitive in both domestic and international markets and could be produced with least investment.
Second IKCO brand car, Runna, will hit the domestic and international markets in late April.
Key considerations for the production department can include whether sufficient capacity exists, whether trying to serve international markets will hamper serving the United States market and whether the company is addressing the added costs associated with exporting.
TABLE 3 INTERNATIONAL MARKET FORECAST FOR POWER CONVERSION SYSTEMS FOR PUMPED HYDRO STORAGE BY PCS COMPONENTS, THROUGH 2013 ($ MILLIONS)
FIGURE 2 INTERNATIONAL MARKET FORECAST FOR POWER CONVERSION SYSTEMS FOR PUMPED HYDRO STORAGE BY PCS COMPONENTS, 2006-2013 ($ MILLIONS)
The International Market for Fruit Snacks - Trends and Developments in Fruit bars, Canned fruit and Ambient fruit snacks, Dried fruit snacks, and Chilled fruit snacks Fruit has traditionally been eaten as a snack, but market development has been held back by the perceived inconvenience of fresh fruit products, which may need peeling or other preparation, can be difficult to transport, and often have to be consumed in their entirety once started.
Decision- Making for International Markets will be of interest to mangers and business readers who are involved in carrying out research on business opportunities in different countries.
As a result of the arbitrage opportunities generated by these liberalizations, yen interest rates in domestic and international markets became much more tightly linked: The standard deviation of the differential between three-month Euroyen and domestic gensaki interest rates fell 88 percent between the 1975-80 period and the 1981-85 period (from 190 basis points to 23 basis points).
At the same time, however, the regionalization of international markets will have little impact on companies such as PepsiCo.
Oxonica has already launched products into international markets.
International markets represent an important market opportunity for our company and the termination of our existing MENA relationship creates near term uncertainty in selected international markets, which will result in delayed revenue and revenue growth for our company.
Ken's proven track record with developing international markets, growing organizations, and successfully delivering to clients will build on this strong foundation.

Encyclopedia browser ?
Full browser ?