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Globalization

/ˌɡloʊbələˈzeɪʃən/
nounCEFR B2 (Upper)Top #1500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The process by which businesses or other organizations develop international influence or start operating on an international scale.

    "The globalization of trade has led to a significant increase in the exchange of goods and services across borders."
  2. 2

    The integration of markets, cultures, and policy-making around the world.

    "Globalization has transformed local economies into interconnected global networks."

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Linguistic Origin & Historical Etymology

The term 'globalization' emerged in the late 20th century, derived from the root 'global', which comes from the Latin 'globus', meaning 'sphere'. The suffix '-ization' indicates a process, reflecting the increasing interconnectedness of economies, cultures, and societies worldwide.

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