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
globalization in American English
(ˌgloʊbəlɪˈzeɪʃən; ˌgloʊbəlaɪˈzeɪʃən)
noun
the process of globalizing something; specif., the expansion of many businesses into markets throughout the world, marked by an increase in international investment, the proliferation of large multinational corporations, worldwide economic integration, etc.
Examples of 'globalization' in a sentence
globalization
We find ourselves in a world system of globalization willing to sacrifice millions of human beings.
Christianity Today (2000)
We have already mentioned that economic globalization has reduced the number of jobs available to unskilled workers.
Appelbaum, Richard P. Sociology (1995)
This is partly due to the effects of economic globalization.
Appelbaum, Richard P. Sociology (1995)
Economic globalization provides one powerful example that will concern us throughout this book.
Appelbaum, Richard P. Sociology (1995)
The benefits of the globalization of investment have not come without a price.
Maurice D. Levi International Finance: The markets and financial management of multinational business. (1983)
First, the impact of economic globalization on job loss and income decline has already been emphasized.
Appelbaum, Richard P. Sociology (1995)
At present, the coercive power of economic globalization is unmatched by the moral power of political globalization.
George Monbiot THE AGE OF CONSENT (2003)
Although there are many reasons for such acts of violence, they are in part the result of globalization.
Appelbaum, Richard P. Sociology (1995)
While sociologists do not fully understand these processes, they do know that they are in large part a result of globalization.
Appelbaum, Richard P. Sociology (1995)
In what ways has economic globalization affected the U. S. stratification system?
Appelbaum, Richard P. Sociology (1995)
Economic globalization, like most social processes, has both positive and negative impacts.
Appelbaum, Richard P. Sociology (1995)
During the last quarter century, partly as a result of economic globalization, there has been a growing gap between rich and poor.
Appelbaum, Richard P. Sociology (1995)
In other languages
globalization
British English: globalization /ˌɡləʊblaɪˈzeɪʃən/ NOUN
Globalization is the idea that the world is developing a single economy as a result of improved technology and communications.
...the globalization of business activities around the world.