Jim O’Neill and Roopa Purushothaman, The Challenge of the Century: Getting Globalization Right, Goldman Sachs Global Report 89, 24th January 2003:
Globalization is defined as “the opening of borders to ideas, investment and capital flows, and the movement of people and production processes from around the world”.
Cato institute ():
"Globalization" describes the ongoing global trend toward the freer flow of trade and investment across borders and the resulting integration of the international economy. Because it expands economic freedom and spurs competition, globalization raises the productivity and living standards of people in countries that open themselves to the global marketplace.
For less developed countries, globalization offers access to foreign capital, global export markets, and advanced technology while breaking the monopoly of inefficient and protected domestic producers. Faster growth, in turn, promotes poverty reduction, democratization, and higher labor and environmental standards.
While globalization may confront government officials with more difficult choices, the result for their citizens is greater individual freedom. In this sense, globalization acts as a check on governmental power that makes it more difficult for governments to abuse the freedom and property of their citizens.
Thomas L. Friedman, The Lexus and the Olive Tree, New York, Farrar, Straus and Giroux, 1999:
The term "globalization" is a slippery one. In this book I use the word in three distinct but interrelated senses: first, to describe the economic phenomenon of increasing integration of markets across political boundaries (whether due to political or technological causes); second, to describe the strictly political phenomenon of falling government-imposed barriers to international flows of goods, services, and capital; and, finally, to describe the much broader political phenomenon of the global spread of market-oriented policies in both the domestic and international spheres. Since I contend that globalization in the first sense is due primarily to globalization in the second sense, and that globalization in the second sense is due primarily to globalization in the third sense, I. do not think it is unduly confusing to use the same word to mean three different things.
Johan Norberg, In Defense of Global Capitalism, Stockholm, Timbro, 2002:
…globalisation, the process whereby people, communications, trade, investments, democracy and the market economy are tending more and more to cross national boundaries. This internationalisation has made us less constricted by the map-makers' boundaries. Political power has always been local, based on physical control of a certain territory. Globalisation is enabling us more and more to override these territories, by travelling in person and by trading or investing across national boundaries. Opportunities for choosing other solutions and foreign alternatives have multiplied as transport costs have fallen, we have acquired new and more efficient means of communications, and trade and capital movements have been liberalized.