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globalization
by 趙永祥 2015-06-03 07:25:46, Reply(0), Views(440)



 
BusinessDictionary.com
 
  

 
Term of the Day

Date: Thursday, May 28, 2015

globalization

The worldwide movement toward economic, financialtrade, andcommunications integration.

Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with freetransfer of capital, goods, and services across national frontiers. However, it does not include unhindered movement of labor and, as suggested by some

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Usage Example
Since the advent of globalization, Ron believed that the US auto industry suffered and that is why he lost his job at the car plant.