the process by which trade and commerce, commmunications, social trends, etc become international or worldwide in scope or application
Globalization is an umbrella term which contains several disparate concepts: the rapid growth of international trade in finished goods and services; the extension of free international markets in private capital able to flow across borders; growth of large, multinational enterprises organizing production across national boundaries; and the slow convergence of consumer tastes in different countries around certain global standards — Evan Davis
globalize verb trans