globalization

noun

glob·al·i·za·tion ˌglō-bə-lə-ˈzā-shən

: the act or process of globalizing : the state of being globalized

especially : the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets

Examples of globalization in a Sentence

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But with globalization came outsourcing, and in 2008, the kilns went cold. —

Johannes Lichtman, Travel + Leisure, 26 Oct. 2024 The automotive sector has been the jewel in Germany’s economic crown for several years and has historically ridden out previous globalization headwinds. —

Byryan Hogg, Fortune Europe, 23 Oct. 2024 And third is further globalization of Suntory Holdings. —

Charlie Campbell, TIME, 13 Oct. 2024 Yet ultimately, the United States’ challenges lie not in globalization itself but in the fact that its benefits disproportionately flow to the well-off. —

Niccolo W. Bonifai, Foreign Affairs, 12 Sep. 2024 See all Example Sentences for globalization