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English definition of “globalization”

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globalization

noun [U] uk ( UK usually globalisation)   /ˌɡləʊ.bəl.aɪˈzeɪ.ʃən/ us    /ˌɡloʊ-/
C1 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. a situation in which 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 from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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