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glob⋅al⋅ize
[gloh-buh-lahyz] 
bəˌlaɪz
| to extend to other or all parts of the globe; make worldwide: efforts to globalize the auto industry. |
Based on the Random House Dictionary, © Random House, Inc. 2009.
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| 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. |
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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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.
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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
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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?
Learn more about globalization with a free trial on Britannica.com.
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Radical Leeds University course combining activism/theory/practice
geog.leeds.ac.uk
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