globalization

[ gloh-buh-luh-zey-shuh n ]
/ ˌgloʊ bə ləˈzeɪ ʃən /

noun

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, glob·al·i·sa·tion.

Example sentences from the Web for globalisation

British Dictionary definitions for globalisation

globalization

globalisation

/ (ˌɡləʊbəlaɪˈzeɪʃən) /

noun

the process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications
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
the process by which a company, etc, expands to operate internationally