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1.
The process of increasing global independence between nations. It involves the increasing intergration of firms and economies and with individual firms competing with all other firms in the world economy driven by the desire for profit.
by Dom September 05, 2003
 
2.
Economic interdependence between different countries and their organisations. Something that has been around for hundred of years...
x thousand American IT jobs were outsourced to India in the last year.
by fasdg November 21, 2003