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

“We see this as the emergence of an investment supercycle that parallels other multi-decade cycles such as globalization or the advent of the Internet.”

From Barron's

For roughly 35 years after the Cold War, globalization favored efficiency.

From The Wall Street Journal

We now have a much clearer picture of how humanity’s successes—population growth, food production, urbanization, globalization—have stoked pathogen evolution.

From The Wall Street Journal

This is a fundamentally different architecture of globalization than the simplistic goods-trade model, one that creates extended supply chains and deep market integration that trade alone cannot achieve.

From Barron's

“Workers are the new key to globalization,” Richardson says.

From The Wall Street Journal