Globalization: In the Organization for Economic Cooperation and Development’s
Handbook for Economic Globalization Indicators (2005) globalization was defined as
“widely used to describe the increasing internationalization of financial markets and of
markets for goods and services. Globalization refers above all to a dynamic and
multidimensional process of economic integration whereby national resources become
more and more internationally mobile while national economies become increasingly
interdependent” (p. 11).