globalization
Definition
Worldwide movement toward economic, financial, trade, and communications integration. Globalization implies opening out beyond local and nationalistic perspectives to a broader outlook of an interconnected and inter-dependent world with free transfer of capital, goods, and services across national frontiers. However, it does not include unhindered movement of labor and, as suggested by some economists, may hurt smaller or fragile economies if applied indiscriminately.
globalization is in the Economics, Politics, & Society subject.
globalization appears in the definitions of the following terms: monopoly, information economy, emerging markets and stabilization policy
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