- Tendency toward a worldwide investment environment, and the integration of national capital markets.
* * *globalization glo‧bal‧i‧za‧tion [ˌgləʊbəlaɪˈzeɪʆn ǁ ˌgloʊbələ-] also globalisation noun [uncountable] COMMERCEthe 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 the free movement of capital, cheap transport, and the increased use of electronic systems of communication such as the Internet:
• The 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 and the creation of a single European currency has doubled cross-border capital flows.
* * *globalization UK US (UK also globalisation) /ˌgləʊbəlaɪˈzeɪʃən/ noun [U] COMMERCE, ECONOMICS► the way in which economies have been developing to operate together as one system: »
We must take advantage of the increased globalization of the commodity trading business.► the process by which particular goods and services, or social and cultural influences, gradually become similar in all parts of the world: »
The globalization of politics coincided with the use of US political consultants by Western democracies.
Financial and business terms. 2012.