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From Longman Dictionary of Contemporary Englishglobalizationglo‧bal‧i‧za‧tion (also globalisation British English) /ˌɡləʊbəlaɪˈzeɪʃən $ ˌɡloʊbələ-/ ●○○ AWL noun [uncountable]  the process of making something such as a business operate in a lot of different countries all around the world, or the result of this the increasing globalization of world trade
Examples from the Corpus
globalizationGlobalization can often lead to the destruction of local customs and cultures.Globalization has brought very little real benefit to developing countries.Globalization often means that poorer countries become too dependent on foreign investment, with the result that their own development suffers.a demonstration against globalizationWe are now coming to see that economic globalization has come at a heavy price.Liberal approaches to modernization are closely linked to economic globalization.Some see the spread of English as an international language as just another consequence of globalization.Heard all about the globalization of finance?While liberal pluralist models best conceptualize the globalization process, no model is adequate.Neo-Marxists emphasize the globalization of capitalist production and the associated creation of a global division of labour.Ever since the age of discovery, the history of capitalism has been a history of the globalization of production.The history of capitalism has beena history of the globalization of production.The globalization of all things electronic is still far from complete; and many early examples of electrical revolution existed 100 years ago.the globalization of world marketsThanks to globalization, the burger you buy in Moscow is exactly the same as the one you buy in New York.
From Longman Business Dictionaryglobalizationglo‧bal‧i‧za‧tion /ˌgləʊbəlaɪˈzeɪʃənˌgloʊbələ-/ (also globalisation British English) noun [uncountable]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
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