globalization

UK: /ˌgləʊbəlaɪˈzeɪʃ^ən/

Collins Concise English Dictionary © HarperCollins Publishers::

globalization, globalisation / ˌɡləʊb^əlaɪˈzeɪʃən/ noun

1. 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

WordReference Random House Unabridged Dictionary of American English © 2026

glob•al•ize  (glō′bə līz′), v.t., -ized, -iz•ing. 

1. to extend to other or all parts of the globe;
   make worldwide:
   efforts to globalize the auto industry.

Also,[esp. Brit.,] glob′al•ise′. 

• global + -ize 1940–45

glob′al•i•za′tion, n.