globalization

noun

glob·​al·​i·​za·​tion ˌglō-bə-lə-ˈzā-shən 

: the act or process of globalizing : the state of being globalized

especially : the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets

Examples of globalization in a Sentence

Recent Examples on the Web

There are many probable causes of our eastward drift: the failures of globalization, the betrayals of technological progress, cultural anomie, the provocateurs who profit from the sense that the world is about to burn. —Chang Che, The New Yorker, 21 Dec. 2024

Stuart Anderson is a senior contributor to Forbes who writes about immigration, business and globalization. —Stuart Anderson, Forbes, 18 Dec. 2024

In the heart of Ethiopia, the arrival of a sprawling industrial park finds a dusty farming town at the new frontier of globalization. —Matthew Carey, Deadline, 1 Nov. 2024

As globalization progresses, Asian countries are each expanding their markets from within their own borders to the broader Asian region. —Naman Ramachandran, Variety, 29 Oct. 2024

Word History

Etymology

see globe entry 1

First Known Use

1930, in the meaning defined above

Phrases Containing globalization

• anti-globalization