Globalization


[gloh-buh-luh-zey-shuh n] /ˌgloʊ bə ləˈzeɪ ʃən/

noun
1.
the act of , or extending to other or all parts of the world:
the globalization of manufacturing.
2.
worldwide integration and development:
Globablization has resulted in the loss of some individual cultural identities.
/ˌɡləʊbəlaɪˈzeɪʃən/
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
n.

1961, from globalize, which is attested at least from 1953 in various senses; the main modern one, with reference to global economic systems, emerged 1959.

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