Globalization is the process by which markets integrate worldwide. Download Download Share on Facebook Share on Twitter Rotate quotes globalization integrate market
One way to measure the size of a company, industry, or economy is to determine its output. But a better way is to determine its added value - namely, the difference between the value of its outputs, that is, the goods and services it produces, and the costs of its inputs, such as the raw materials and energy it consumes. Michael Spence addcompanyconsume share on social
The research side of academic life is often viewed from the outside as a solo and, at times, lonely activity. In fact, it is quite the opposite: a communal activity in significant part where interaction and interchange generate ideas and critiques of them. Michael Spence academicactivitycommunal share on social
It is a wonderful and unexpected honor to receive the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. Receiving this prize with Joseph Stiglitz and George Akerlof, whose work I have learned from and admired, makes it even more gratifying. Michael Spence admireakerlofalfred share on social
GIS is being influenced by and integrating with all kinds of new innovations such as faster computing, big data, the cloud, smart devices, and distributed processing. Jack Dangermond bigcloudcompute Change image and share on social
Well, there's no question that the law passed in 1996 was flawed. It deregulated the wholesale market, meaning the price that the utilities had to pay energy companies for power, but not the retail market. Gray Davis companyderegulateenergy share on social
The standardization of world culture, with local popular or traditional forms driven out or dumbed down to make way for American television, American music, food, clothes and films, has been seen by many as the very heart of globalization. Fredric Jameson americanclotheculture share on social