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globalization

[gloh-buh-luh-zey-shuh n]
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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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Also especially British, glob·al·i·sa·tion.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Related Words

proliferation, growth, development, extension, maturation

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British Dictionary definitions for globalization

globalization

globalisation

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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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

Word Origin and History for globalization

n.

1961, from globalize, which is attested at least from 1953 in various senses; the main modern one, with reference to global economic systems, emerged 1959.

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Online Etymology Dictionary, © 2010 Douglas Harper