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

For years, policymakers celebrated cheap consumer goods as proof that globalization was working.

From MarketWatch

As World Bank Chief Economist Indermit Gill wrote in a new report, that conclusion helped “stigmatize” industrial policy just as a leap forward in transport and communications technologies spurred a period of intense globalization.

From The Wall Street Journal

The current backlash against globalization is often framed as a Western reckoning with China.

From Barron's

Its premise was simple: Markets could be optimized through globalization and cooperation.

From The Wall Street Journal

The strengths of globalization have become the weaknesses of those who participate in it.

From The Wall Street Journal