Globalization

07.07.2013 17:32

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Globalization

1) Phrase used in marketing jargon meaning the selling and servicing of products worldwide. Defined by the UK Department for International Development (DfID) as ‘the growing interdependence and interconnectedness of the modern world through increased ease of movement of goods, services, capital, people and information’.

It is a benefit to shipping and air transport because it means free trade and therefore increased traffic across the globe. Anti-capitalist protestors campaign against the consequences of the GATT agreement expanding global trading.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.106 (288 p.)


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