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

The chief worry for White is that until 2020 most supply shocks were positive and disinflationary, as globalization and efficient supply chains kept prices in abeyance.

From MarketWatch

The ship’s journey epitomizes a moment of peak globalization that could be coming to an end.

From The Wall Street Journal

An ideological move away from globalization by some countries and the encouragement of reshoring that denudes comparative advantage benefits may also lift prices.

From MarketWatch

For decades, U.S. policymakers and corporate leaders have turned a blind eye to the rapid globalization of the pharmaceutical industry.

From MarketWatch

Moreover, as Hartnett points out, globalization peaked in the last decade.

From MarketWatch