globalization

noun
glob·​al·​i·​za·​tion | \ ˌglō-bə-lə-ˈzā-shən How to pronounce globalization (audio) \

Definition of globalization

: 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

Examples of globalization in a Sentence

Recent Examples on the Web At the center of the storm is the shipping container, the workhorse of globalization. New York Times, "‘I’ve Never Seen Anything Like This’: Chaos Strikes Global Shipping," 6 Mar. 2021 At the center of the storm is the shipping container, the workhorse of globalization. BostonGlobe.com, "‘I’ve never seen anything like this’: Chaos strikes global shipping," 6 Mar. 2021 Second, globalization and automation have weakened workers’ and companies’ ability to raise wages and prices, while aging populations have slowed economic growth. Greg Ip, WSJ, "Is Inflation a Risk? Not Now, but Some See Danger Ahead," 1 Mar. 2021 In the age of globalization, most big companies have their clients and user base spread across different countries. Yec, Forbes, "Four Practical Interview Skills To Help You Land Your Dream Job," 1 Mar. 2021 The other camp of Biden advisers, though, seems to be more sanguine about the benefits of globalization and more skeptical about indulging populist economic ideas. New York Times, "The Biden Team Wants to Transform the Economy. Really.," 11 Feb. 2021 The opportunity inequity between the coastal tech hubs and cities in the middle of the country, accelerated by globalization and automation, has gone on for far too long. CNN, "Entrepreneurs create jobs. They deserve stimulus, too," 11 Dec. 2020 The forces holding down inflation -- globalization, automation, aging societies -- are strong. Rich Miller, Bloomberg.com, "Powell Calling New Rate Road Map ‘Powerful’ Doesn’t Make It So," 20 Sep. 2020 As Cass sees it, the weakness of structures has been explained by the work of M.I.T. economist David Autor, who has given us a new understanding of how labor markets work under globalization. Christopher Caldwell, The New Republic, "Can There Ever Be a Working-Class Republican Party?," 8 Feb. 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'globalization.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of globalization

1930, in the meaning defined above

History and Etymology for globalization

see globe entry 1

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Time Traveler for globalization

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The first known use of globalization was in 1930

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Statistics for globalization

Last Updated

20 Mar 2021

Cite this Entry

“Globalization.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/globalization. Accessed 10 Apr. 2021.

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