noun glob·al·i·za·tion \ˌglō-bə-lə-ˈzā-shən\

Definition of globalization

  1. :  the act or process of globalizing :  the state of being globalized; especially :  the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets

Origin and Etymology of globalization

see 1globe

First Known Use: 1930

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