globalization

noun

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

: 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

But globalization will require negotiating multiple obstacles. —Patrick Frater, Variety, 7 Nov. 2023

Over the past 15 years, a consensus has developed that globalization has run its course and gone into decline. —Josh Zumbrun, WSJ, 3 Nov. 2023

The exuberant optimism of Vara’s characters allows the author to approach heavy topics—predatory bosses, globalization, class difference—with levity. —Condé Nast, The New Yorker, 30 Oct. 2023

Zakaria admired Huntington’s prescient understanding of the power of culture in the post–Cold War era and his willingness to dispel liberal illusions around the triumph of globalization, free markets, and democracy. —Jordan Michael Smith, The New Republic, 19 Oct. 2023

This contributed to the globalization of Hungarian cinema, one that built upon Hungarians’ existing knowledge of filmmaking. —Valerie Wu, Variety, 5 Nov. 2023

Many countries in Europe, Asia, and elsewhere have recognized that free trade is not free and have developed social safety nets to help their workers handle the disruptions of globalization. —Ryan Hass, Foreign Affairs, 24 Oct. 2023

Thereafter, campaigns to sink container ships, poison the meat supply, and, not least, take out power plants and substations result in electricity outages, stock market crashes, and the end of globalization. —Christopher Ketcham, Harper's Magazine, 16 Oct. 2023

According to them, the era of globalization has ended. —Bryan Mena, CNN, 15 Oct. 2023

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Word History

Etymology

see globe entry 1

First Known Use

1930, in the meaning defined above

Phrases Containing globalization

• anti-globalization

• anti-globalization