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globalization

[gloh-buh-luh-zey-shuh n] /ˌgloʊ bə ləˈzeɪ ʃən/
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.
Also, especially British, globalisation.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for globalisation
  • globalisation is the more or less simultaneous marketing and sale of identical goods and services around the world.
  • Sceptics charge that globalisation especially hurts poor workers in the developing countries.
  • Yet beneath the bandages, globalisation is thriving.
  • globalisation is entering a new phase, with emerging-market companies now competing furiously against rich-country ones.
  • Despite the boom, globalisation is one of the hottest issues around.
  • From there he was an early observer and commentator on the phenomenon of globalisation.
  • There are many components to the globalisation of art.
  • globalisation has vastly increased the opportunities for such business.
  • The world today is embroiled in an economic turmoil caused by the globalisation process.
  • But already a second phase of globalisation was starting to take shape.
British Dictionary definitions for globalisation

globalization

/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
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
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Word Origin and History for globalisation
n.

chiefly British English spelling of globalization; for spelling, see -ize.

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.

Online Etymology Dictionary, © 2010 Douglas Harper
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globalisation in Technology
The Free On-line Dictionary of Computing, © Denis Howe 2010 http://foldoc.org
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Encyclopedia Article for globalisation

In 2000 the media were full of references to globalization of the economy, communications-even politics and military affairs. Large crowds turned out to protest meetings such as that of the World Trade Organization (WTO) in Seattle, Wash., in 1999 or called attention to International Monetary Fund (IMF) policies in granting loans to struggling economies. What were these protests all about?

Learn more about globalisation with a free trial on Britannica.com
Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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