globalization noun

(UK usually globalisation) Click to hear the UK pronunciation of this word

/ˌgləʊ.bəl.aɪˈzeɪ.ʃən/

/ˌgloʊ-/ n [U]

Definition

•

the increase of trade around the world, especially by large companies producing and trading goods in many different countries

We must take advantage of the increased globalization of the commodity trading business.

•

when available goods and services, or social and cultural influences, gradually become similar in all parts of the world

the globalization of fashion/American youth culture

(Definition of globalization noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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