Meaning of the word globalization in English

What does globalization mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

globalization

US /ˌɡloʊ.bəl.əˈzeɪ.ʃən/
UK /ˌɡloʊ.bəl.əˈzeɪ.ʃən/
"globalization" picture

Noun

1.

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

Example:
The rise of the internet has greatly accelerated globalization.
Critics argue that globalization can lead to job losses in developed countries.
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