the act of globalizing, or extending to other or all parts of the world: the globalization of manufacturing.
worldwide integration and development: Globablization has resulted in the loss of some individual cultural identities.
Also, especially British, globalisation. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
globalization or globalisation (ˌɡləʊbəlaɪˈzeɪʃən)
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
globalisation or globalisation

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

British spelling of globalization (see globe); for suffix, see -ize.

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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Computing Dictionary

globalisation definition


The Free On-line Dictionary of Computing, © Denis Howe 2010
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Encyclopedia Britannica


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?

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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Example sentences
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.
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