globalization

American  

[gloh-buh-luh-zey-shuhn] / ˌgloʊ bə ləˈzeɪ ʃən /

especially British, globalisation

noun

1. the act of globalizing, or extending to other or all parts of the world.

   the globalization of manufacturing.

2. worldwide integration and development.

   Globablization has resulted in the loss of some individual cultural identities.

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globalization British  

/ ˌɡləʊbəlaɪˈzeɪʃən /

noun

1. the process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications

2. the emergence since the 1980s of a single world market dominated by multinational companies, leading to a diminishing capacity for national governments to control their economies

3. the process by which a company, etc, expands to operate internationally

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Etymology

Origin of globalization

First recorded in 1925–30; global ( def. ) + -ization ( def. )

Example Sentences

In a speech on Friday, European Central Bank President Christine Lagarde stressed self-reliance and said that the world that globalization built is “disappearing.”

From The Wall Street Journal

The third was globalist antipathy, or a recognition that globalization has failed.

From Salon

Deregulation, globalization and personal computers transformed the concept of office work.

From The Wall Street Journal

“Although you can find pears year-round in the grocery store thanks to globalization, pears are in season in the fall. A visit to your farmers’ market may introduce you to some new varieties.

From Salon

In addition, reductions in labor unionization, increased globalization, deregulation, lower corporate taxation and technological advances, have all helped the corporate sector to capture an ever-greater share of economic growth.

From MarketWatch