[gloh-buh-lahyz] 
| to extend to other or all parts of the globe; make worldwide: efforts to globalize the auto industry. |
| glob·al·ize (glō'bə-līz') tr.v. glob·al·ized, glob·al·iz·ing, glob·al·iz·es To make global or worldwide in scope or application. glob'al·i·za'tion (-lĭ-zā'shən) n., glob'al·iz'er n. |
Globalization
The tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets.
Investopedia Commentary
The advantages and disadvantages of globalization have been debated and scrutinized heavily in recent years. Proponents of globalization say that it helps developing nations "catch up" to industrialized nations much faster through increased employment and technological advances. Critics of globalization say that it weakens national sovereignty and allows rich nations to ship domestic jobs overseas where labor is much cheaper.
Related Links
What Is International Trade?
What Is An Emerging Market Economy?
What Is The World Trade Organization?
What Is The International Monetary Fund?
Investing Beyond Your Borders
See also: Group of Eight - G-8, International Monetary Fund - IMF, Multinational Corporation, North American Free Trade Agreement - NAFTA, Organization For Economic Co-operation and Development - OECD, Protectionism, Social Responsibility, World Trade Organization - WTO
Also spelled: Globalisation
globalization
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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bəˌlaɪz