adapted from "Women's Education in the Global Economy", by the Women of Color Resource Center in California, USA

Is a term used to refer to the expansion of economies beyond national borders, in particular, the expansion of production by a firm to many countries around the world, i.e., globalization of production, or the “global assembly line.” This has given transnational corporations power beyond nation-states, and has weakened any nation’s ability to control corporate practices and flows of capital, set regulations, control balances of trade and exchange rates, or manage domestic economic policy. It has also weakened the ability of workers to fight for better wages and working conditions from fear that employers may relocate to other areas.