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English definition of “globalization”

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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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