Globalization
Globalization this refers not only to the expansion of international trade in goods and services but also to the degree of interdependence that goes along with the integration of production across national boundaries and the resulting increase in international investment by multinational enterprises.
Definitions
According to Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition),
- Globalization. Refers not only to the expansion of international trade in goods and services but also to the degree of interdependence that goes along with the integration of production across national boundaries and the resulting increase in international investment by multinational enterprises.
According to Managing Quality by Foster (6th edition),
- Globalization. An approach to international markets that requires a firm to make fundamental changes in the nature of its business by establishing production and marketing facilities in foreign markets.
Related concepts
- Labor relations. The systematic study of attitudes, motivations, and behaviors which two or more job-market actors assume toward each another.
