globalization
n.the process of different countries and people becoming more connected through trade, technology, and culture. It means that products, ideas, and information move around the world much faster than before.
n.the process by which businesses, cultures, and societies develop international influence or start operating on a global scale. Often used to describe the increasing integration of national economies through trade, financial flows, and the exchange of technology.
“Globalization allows us to buy products from all over the world.”
“The rapid spread of the internet has accelerated globalization by allowing people to work together across different continents in real time.”
“Critics of globalization argue that while it fosters economic growth and cultural exchange, it can also lead to the erosion of local traditions and the exploitation of labor in developing nations.”
Commonly used in the singular form without an article when discussing the general concept.
“Unlike most Democrats, many working-class communities do not see globalization in their interest .”
From globalize + -ation.
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.