Globalization
Globalization
Deardoff defines globalization as a word that can mean any or all of the following:
1. The increasing world-wide integration of markets for goods, services and capital that attracted special attention in the late 1990s.
2. Also used to encompass a variety of other changes that were perceived to occur at about the same time, such as an increased role for large corporations (MNCs) in the world economy and increased intervention into domestic policies and affairs by international institutions such as the IMF, WTO, and World Bank.
3. Among countries outside the United States, especially developing countries, the term sometimes refers to the domination of world economic affairs and commerce by the United States (Deardoff).
Alternate definitions of globalization have slants related to the group or industry defining it. For software development, for instance, globalization can mean the following (Tuffley):
The process of developing, manufacturing, and marketing......
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Approximate Word Count: 762
Approximate Pages: 4 (250 words per double-spaced page)
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