Globalization is best described as the global integration of national economies, including trade, production, finance, and labor allocation (Hill, 2003). The main drivers of globalization over the past few decade years have been the technological revolutions in communications and information processing, and a liberalizing, pro-market introduction to national and international economic policy making.

There are quite a few international trade theories that support the concept of globalization. The modern neoliberal/free-market capitalism theory is one such theory (Marouka, 2005). "[T]he inexorable integration of markets, nation-states, and technologies to a degree never witnessed before-in a way that is enabling individuals, corporations and nation-states to reach around the world farther, faster, deeper and cheaper than ever before . . . . the spread of free-market capitalism to virtually every country in the world " (Friedman, 2000, p. 9).

This theory discourages government intervention in the economy, promoting free-market practices, limited restrictions on bu

C. Four effects of globalization that impact your community and your organization.

Globalization has fundamentally affected the way companies - including aerospace companies like Lockheed Martin- do business, even in Palmdale, California. And while the effects of globalization have been mostly positive, globalization has resulted in new challenges and even threats. One of the biggest threats to national security fueled by globalization is the threat of proliferation of weapons of mass destruction and the ability to deliver them. Therefore, export controls play a key role to play in controlling the proliferation of weapons of mass destruction to threatening states and individuals. Lockheed Martin has had to increase its controls and policies regarding exports.

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