globalizationglo·bal·i·za·tion /ˌgləʊbəlaɪˈzeɪʃənˌgloʊbələ-/ (also globalisation British EnglishBrE) noun [uncountableU]COMMERCE the tendency for the world economy to work as one unit, led by large international companies doing business all over the world. Some of the things that have led to globalization are the ending of TRADE BARRIERS, the free movement of capital, cheap transport, and the increased use of electronic systems of communication such as the InternetThe publishing company is stepping up its globalisation and moving into new media such as the Internet and digital broadcasting.
the rapid globalization of the world economy