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English definition of “globalization”

globalization

noun [U] ( UK also globalisation)     /ˌɡləʊbəlaɪˈzeɪʃən/ COMMERCE, ECONOMICS
the way in which economies have been developing to operate together as one system : We must take advantage of the increased globalization of the commodity trading business .
the process by which particular goods and services , or social and cultural influences , gradually become similar in all parts of the world : The globalization of politics coincided with the use of US political consultants by Western democracies.
(Definition of globalization noun from the Cambridge Business English Dictionary © Cambridge University Press)
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