Definition
Globalization is the process leading to increasing interdependence, integration, and interaction among people and corporations in disparate locations around the world. It is an overarching term that refers to a complex web of economic, social, technological, cultural, and political relationships.
Tags/Keywords
Economic internationalization, transnational corporation, multinational corporation, production chain, joint ventures, industrial cooperation agreements, licensing agreements, international subcontracting, arms length transactions, national firms, state-owned enterprises, division of labor, geographical relocation, industrial environmental impacts, worker's rights, employment, environmental regulations, GDP growth, trade agreements, WTO, International Monetary Fund (IMF), North American Free Trade Agreement (NAFTA), corporate charter
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