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

He focused on how globalization was affecting poorer populations.

From New York Times

It seeks to challenge neoliberalism, corporate dominance and globalization of food systems.

From Salon

In the 1950s and ’60s, Rath said, three innovations made it much easier to import products from Japan: refrigerated shipping containers, regular and direct transpacific flights, and the globalization of Japan’s fishing fleet.

From Los Angeles Times

In the 1990s, he targeted economic globalization, embodied in organizations like the World Trade Organization, the International Monetary Fund and the World Bank.

From New York Times