BNET Business Dictionary
Business Definition for: Globalization
- the creation of international strategies by organizations for overseas expansion and operation on a worldwide level. The process of globalization has been precipitated by a number of factors, including rapid technology developments that make global communications possible, political developments such as the fall of communism, and transportation developments that make traveling faster and more frequent. These produce greater development opportunities for companies with the opening up of additional markets, allow greater customer harmonization as a result of the increase in shared cultural values, and provide a superior competitive position with lower operating costs in other countries and access to new raw materials, resources, and investment opportunities.
Wiktionary Definition for: Globalization
- alternative spelling of globalisation
Additional Resources
- Globalization
- Globalization is the condition in which an organization, irrespective of its physical location can procure raw materials from or sell finished goods or services to any country around the world. Globalization enables firms to leverage global learning to enhance their core competencies. Gaining access to global skills and resources is...
- Presentations 2003-01-01
- Is Globalization Right For You?
- Globalization is a strategy wherein an organization, irrespective of its physical location can procure raw materials and/or sell its finished products or services to any other country around the world. The emergence of an Internet-driven business environment has helped in the development and consolidation of globalization. The paper examines certain...
- White papers 2000-09-01
- The Environment and Globalization
- Globalization is a complex trend, encompassing many forces and many effects. It would be surprising if all of them were always unfavorable to the environment, or all of them favorable. The highest priority should be to determine ways in which globalization can be successfully harnessed to promote protection of the...
- White papers 2003-11-01
- The Two Faces Of Globalization
- From the executive summary: ‘Despite the gains in logistics performance over the years, it is likely that globalization will create a host of new challenges for logistics managers and their companies. The challenges posed by globalization will make it essential for logistics managers to find ways to accelerate the flow...
- White papers 2004-07-01
- What You Should Know About Globalization and the World Trade Organization
- This paper reviews the essentials of economic globalization, as well as the major institution that has recently gotten much of the credit and blame for it, the World Trade Organization (WTO). It first defines globalization, which is just the increasing economic integration of the world economy. It then asks who...
- White papers 2001-12-05
- Financial Transactions Globalization
- The paper analyzes the relationship between globalization of financial markets and international economic relations. The starting point is the assumption that financial markets globalization is a result of the structural changes in world economy functioning. That is, the globalization process has been changing in intensity and quality, due the dynamics...
- White papers 2003-05-30
- Globalization, Employment, And Economic Development: The "Pro" Arguments
- Globalization presents mixed benefits, for different groups and different specific activities. Given its importance it is tempting to concentrate on the 'anti-globalization' research agenda, namely the many ways in which it may cause harm. However, from a policy point of view it is important to understand what is good as...
- White papers 2004-06-08
- The Health Impacts of Globalization: A Conceptual Framework
- This paper describes a conceptual framework for the health implications of globalization. The framework is developed by first identifying the main determinants of population health and the main features of the globalization process. The resulting conceptual model explicitly visualizes that globalization affects the institutional, economic, social-cultural and ecological determinants of...
- White papers 2005-09-13
- Outsourcing And The Political Economy Of Globalization: A Discussion Note
- Outsourcing appears to have become the vilain du jour in the public discourse of globalization. More than trade or international financial flows, outsourcing has become the particular target of critics of globalization and some of the most frenzied defense by defenders of globalization. What is particularly interesting about this is...
- White papers 2005-04-28
- How to Ease the Pain of Globalization
- U.S. companies use IT to produce higher-quality products at home, using computer-controlled machine tools to produce specialized valves, for instance. They also use IT to offshore manufacturing and production, which reduces the price of the products one buys, such as DVD players. There is no doubt that globalization would move...
- White papers 2006-02-01
- Fighting Globalization With Globalization
- Globalization is still seen as one of the evils of this planet by some groups. It elicits anger from protesters and the liberal media are keen to attack it. In a more subdued New York, there remained peaceful protests when the World Economic Forum summit took place there this month....
- White papers 2003-01-01
- Online Globalization: Swim or Sink
- Article concludes that there is no way to avoid plugging in to the new online world order, as long as a business (or individual) wants to be successful and grow and there is no sense in resisting tendencies this massive. Recently there was more fighting against globalization in the streets...
- White papers 2000-10-01
- Are DoD Network Centric Policies, Processes and Edge Organizations Sufficiently Adaptable to Adequately Respond to the Impact of Globalization?
- Globalization appears to be eroding the technology "time to capability gap" that U.S. adversaries have traditionally had to close to gain parity. This paper examines whether the DoD can adapt quickly enough to ensure that its current military edge is not eroded by globalization. It investigates if unchecked globalization threatens...
- White papers 2005-03-21
- Implications Of Globalization For Monetary Policy
- This paper argues that the implications of globalization for monetary policy come mainly through two channels: on the one hand, the many structural changes that are associated with the globalization processes cause an increase in the uncertainty about how to interpret macroeconomic data/indicators and about the monetary transmission mechanism. On...
- White papers 2001-11-01
- China, the WTO, and Globalization: What Happens Next
- After fifteen years of effort, China appears poised to join the World Trade Organization. This hard-won triumph is a milestone in the march of globalization. However, globalization brings dangers as well as opportunities. How the United States and its major allies handle the pressures associated with China's ongoing lurch toward...
- White papers 2001-07-19
- Globalization and Health: A Survey of Opportunities and Risks for the Poor in Developing Countries
- The first section of this paper discusses the notion of globalization. The second section tries to characterize the different aspects of globalization, and highlighting those relevant for health issues. The emphasis will be on the impact on developing countries and poor and vulnerable groups within them. The third section of...
- White papers 2001-01-01
- Free Trade, Business Strategy and Globalization
- This paper links the economist's analysis of free trade with the business strategist's analysis of the forces behind the globalization of competition. It is argues that, although the drive to globalization may seem different from the seeking of superior outcomes in competitive markets, this may be only because the modern...
- White papers 2002-05-27
- The North Carolina Textiles Project: An Initial Report
- The phenomenon of increasingly contested international markets due to falling price and non-price barriers to trade in goods and services is one often-discussed dimension of globalization. The textile industry in particular is cited as an example of the dangers of globalization to US firms, workers, and communities. This paper shows...
- White papers 2003-11-25
- Globalization
- Globalization occurs when a firm is able to purchase raw material, market, and sell the finished product at different locations across the globe. A large number of issues and factors are involved in expanding business operations to global markets. One of the significant issues is the adaptation of business operations...
- Presentations 2003-01-01
- Globalization: Historical Perspective and Prospects
- Globalization today confronts a second threat with no close historical parallel. This concerns the setting of social standards and is perceived as an issue of national sovereignty. Although nations remain free to set any standard desired by domestic residents, globalization raises the cost of maintaining higher standards than those adopted...
- White papers 2001-01-01
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