globalization

[gloh-buh-luh-zey-shuhn]
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.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
globalization or globalisation (ˌɡləʊbəlaɪˈzeɪʃən)
 
n
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
 
n

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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Etymonline
Word Origin & History

globalization
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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Encyclopedia Britannica
Encyclopedia

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.

Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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Example sentences
Many of the coffee and sugar cane plantations around here have collapsed, done
  in by the forces of globalization.
The book was fascinating -it gave me a whole new perspective on the nature of
  higher education in a time of globalization.
The benefits of globalization are spread unevenly.
Nothing keeps away the juggernaut of globalization except war and disease.
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