globalization
US /ˌɡloʊ.bəl.əˈzeɪ.ʃən/
UK /ˌɡloʊ.bəl.əˈzeɪ.ʃən/
1.
the process by which businesses or other organizations develop international influence or start operating on an international scale.
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The rise of the internet has greatly accelerated globalization.
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Critics argue that globalization can lead to job losses in developed countries.