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Globalization

Today's Must Read
Globalization and new mediums, such as blogs and social networking sites, offer companies more options for press, but getting the attention of the editors is more complex.
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By Gabriel Lefrancois |  Filed In: Computing & Information Technology Overview and Technology
When selecting an outside IT service provider, here are some things you should consider.
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By Alexa Vaughn |  Filed In: US Presidential Elections and US Federal Elections
These technology goals of Barack Obama's administration have their pros and cons.
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Companies both large and small are going beyond outsourcing commodities to outsourcing core or strategic parts. It makes sense for smaller firms with scarce resources to outsource commodities.
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By David Finkel |  Filed In: Human Resources and Human Resources & Personnel Management
But make sure you always sell to clients by creating real value.
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By AllBusiness Editorial | 
If you are thinking about outsourcing all your HR needs to a Professional Employer Organization (PEO), make sure you ask a number of key questions, such as if it has the capability to...
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Consider outsourcing your human resource needs. You'll be able to concentrate on your core business skills while an HR professional focuses on your employees.
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By Diana Ransom |  Filed In: Entrepreneurship and Company Structures & Ownership
New business owners can attract attention by giving away products.
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Knowing what's flying off the shelves and what's gathering dust is the key to boosting sales.
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By AllBusiness Editorial |  Filed In: Retail
Learn how to make window displays that bring customers in, and then inspire them to buy.
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By David Finkel |  Filed In: Sales Force and Sales Management
Putting your business on autopilot means that it can thrive without you showing up to work every day.
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By AllBusiness Editorial |  Filed In: Data Processing Services and Information Management & Technology
The decision depends on how much you're willing to handle and how much you're willing to let go.
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Filed In: Management
When starting a new business, take the time to carefully choose a management team that will focus the goals of your new enterprise.
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For small businesses, processing payroll can be a complicated and time-consuming task. Among other things, payroll functions can include anything from determining employee wages and withholding taxes to updating vacation and sick pay...
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Reports of holes in companies' e-commerce systems could convince even the most rational person that thieves are prowling every corner of the Web, waiting to steal victims' credit card numbers, personal data and...
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Getting your products to the right places on time can make or break your company. Outsourcing can save you time, trouble, and money.
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By Scarlet Pruitt |  Filed In: Business Software and Software Services & Applications
The choice between hosting your own e-mail in-house vs. using an outside e-mail hosting provider ultimately comes down to responsibility and control.
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For many businesses that don't have the time or the resources to manage HR functions, outsourcing is a cost-effective alternative to hiring an in-house human resources staff.
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Yesterday's "Girl Fridays" are filling a wider range of duties today, from receptionist to director- and executive-level positions. Does your company need a temp?
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Small companies routinely outsource their payroll processing, accounting, distribution and many other important functions -- often because they have no other choice.
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New On AllBusiness

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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