globalization

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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

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Origin and Etymology of globalization

see 1globe


First Known Use: 1930



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