globalization

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

noun

the act of globalizing, or extending to other or all parts of the world: the globalization of manufacturing.
worldwide integration and development: Globablization has resulted in the loss of some individual cultural identities.
Also especially British, glob·al·i·sa·tion.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for globalization

British Dictionary definitions for globalization

globalization

globalisation

/ (ˌɡləʊbəlaɪˈzeɪʃən) /

noun

the process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications
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
the process by which a company, etc, expands to operate internationally
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012