Globalization - Globalization Definition Process(or set of...

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Globalization
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Definition Process (or set of processes) which embodies a transformation in the spatial organization of social relations and transactions generating transcontinental or inter- regional flows and networks of activity'. Extensity Intensity Velocity
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Economic Globalization International Economic Regime: Bretton Woods Institutions The International Monetary Fund (IMF) The World Bank The General Agreement on Tariffs & Trade (GATT, 1947) ), now World Trade Organization (WTO, 1995) Non-Discrimination Reciprocity Transparency Neo-liberal ideals are path to economic development Characteristics Increased competition OR not Internationalized manufacturing Increased trade between specialized companies
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Private enterprises that include subsidiaries operating in more than one state / firms operating “across” borders Advantages for Company Reduce cost: financing, production and R/D Easier to control technology
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Globalization - Globalization Definition Process(or set of...

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