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Globalization

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Publication: LexisNexis | Filed In: Company Profits and Company Earnings
The global economic recovery that followed the financial crisis of 2008 has been faltering, at least in the UK and the eurozone, and certain emerging markets have slowed faster than others. Although US...
Business Journal
By Dawn Kendall | Publication: LexisNexis | Filed In: Euro and Currencies
President Obama gave his annual assessment of the US last month and so we felt it an opportune time to also review the state of the union a little closer to home and...
Business Journal
Provides a Course on Strategic Alliances. Course Goals include: To use alliances to achieve your organization's strategic goals To apply a systematic framework, including processes and tools, for planning, forming, operating, and reviewing...
Business Journal
MORE Global Business is a full-service provider of integrated globalization services. Provides a wide range of services and information to help Small and Medium Enterprise (SME) with international market development plans. Provides market...
Business Journal
Towson University's international incubator which provides assistance to early stage companies. Offers office facilities, business counseling, and workshops. http://www.towsonglobal.com/dotnetnuke/ Region: Mid-Atlantic (PA NJ WV MD DE DC VA NC SC) Category: Business Incubators...
Business Journal
Publication: JCNN News Summaries | Filed In: Outsourcing and Company Strategy
Tokyo, Japan, and Sao Paulo, Brazil, Feb 8, 2012 - (JCN) - NTT Data Corp., through its subsidiary Value Team Consulting & Solution, will be acquiring 100% shares of Total Systems Consulting Group,...
Business Journal
Provides a Course on Strategic Alliances. Course Goals include: To use alliances to achieve your organization's strategic goals To apply a systematic framework, including processes and tools, for planning, forming, operating, and reviewing...
Business Journal
Towson University's international incubator which provides assistance to early stage companies. Offers office facilities, business counseling, and workshops. http://www.towsonglobal.com/dotnetnuke/ Region: Mid-Atlantic (PA NJ WV MD DE DC VA NC SC) Category: Business Incubators...
Business Journal
MORE Global Business is a full-service provider of integrated globalization services. Provides a wide range of services and information to help Small and Medium Enterprise (SME) with international market development plans. Provides market...
Business Journal
By Reuters | Publication: LexisNexis | Filed In: Divestitures and Ownership Changes
Abu Dhabi-based investment firm, The National Investor (TNI), has shed more than half of its workforce and is planning more job cuts in a bid to reduce costs in response to tough financial...
Business Journal
Publication: LexisNexis | Filed In: Factory Orders and Economic Indicators
The Baltic Dry Index (BDI) touched a 25-year low of 647 points on Feb. 3, while weak shipping demand and a seasonal boost in capacity last month added to the challenges facing China's...
Business Journal
Towson University's international incubator which provides assistance to early stage companies. Offers office facilities, business counseling, and workshops. http://www.towsonglobal.com/dotnetnuke/ Region: Mid-Atlantic (PA NJ WV MD DE DC VA NC SC) Category: Business Incubators...
Business Journal
MORE Global Business is a full-service provider of integrated globalization services. Provides a wide range of services and information to help Small and Medium Enterprise (SME) with international market development plans. Provides market...
Business Journal
Provides a Course on Strategic Alliances. Course Goals include: To use alliances to achieve your organization's strategic goals To apply a systematic framework, including processes and tools, for planning, forming, operating, and reviewing...
Business Journal
Next-generation Business Process Management Solution Enables Fast Integration of Cloud Services and On-premise Systems Tokyo, Feb 2, 2012 - (JCN Newswire) - Fujitsu today announced the immediate availability of Interstage Business Operations Platform...
Business Journal
Provides a Course on Strategic Alliances. Course Goals include: To use alliances to achieve your organization's strategic goals To apply a systematic framework, including processes and tools, for planning, forming, operating, and reviewing...
Business Journal
Towson University's international incubator which provides assistance to early stage companies. Offers office facilities, business counseling, and workshops. http://www.towsonglobal.com/dotnetnuke/ Region: Mid-Atlantic (PA NJ WV MD DE DC VA NC SC) Category: Business Incubators...
Business Journal
MORE Global Business is a full-service provider of integrated globalization services. Provides a wide range of services and information to help Small and Medium Enterprise (SME) with international market development plans. Provides market...
Business Journal
The Investment Promotion Agency of Nicaragua (PRONicaragua) on Dec. 21 announced further investments by HEMCO for $50 million in two hydroelectric power stations that will generate a total of 20MW. It said the...
Business Journal
New offices at Metro Office Park reflect Volt Workforce Solutions 35% increase in sales despite sluggish economy, reports Caribbean Business (Dec. 22, 2011). In Feb. 2012 it will open another branch in the...
Business Journal

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Business Glossary

Definitions for: globalization
globalization

interdependence of buyers and sellers of financial instruments in financial centers around the world. This phenomenon is due mainly to several factors: (1) the maturation of the eurocurrency markets since the 1960s; (2) dramatic changes in trading room technology in recent years, providing market makers with near instantaneous access to current market data on commodities and financial instruments; (3) a desire by financial institutions to expand lending and other activities beyond geographic boundaries; and (4) a desire to control balance sheet risk through interest rate swaps and other financial swap agreements.

For example, the growing use in international financial markets of marketable debt instruments, principally in the eurobond market, as opposed to traditional bank lending, as a financing vehicle for major corporate borrowers, and also sovereign governments. The shift away from bank credit instruments, such as Note Issuance Facilities, toward Floating Rate Notes and Eurocommercial paper began in the early 1980s, and was aided by the strong secondary market in Eurobond financings. Both commercial banks and investment banks participate in this market. Outside the United States, U.S. commercial banks are not confined by Glass-Steagall Act limitations on securities underwriting, and are active participants in the Eurobond market.

Advances in information technology allowed traders in foreign exchange and other money market instruments to manage positions on a 24-hour basis, by moving their trading book to a different financial center at the close of trading. This practice, known as passing the book, permits financial institutions that make markets in New York, London, or Tokyo, for instance, to maintain a single trading book listing positions, limits, and exposures for the entire firm, rather than keeping separate books in each trading center.

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