globalization
UK: ˌɡləʊbəlaɪˈzeɪʃən | US: ˌɡloʊbələˈzeɪʃən
n. the process by which businesses, ideas, or cultures spread internationally, creating worldwide interconnectedness
n. the integration of economies, societies, and technologies across national boundaries
globalization = global<worldwide> + ization<process of making>
- global: Derived from Latin globus (sphere, ball), later evolving to mean "worldwide" in English.
- ization: A suffix from Latin -izare (via Greek -izein), indicating the act or process of making something.
Etymology Origin:
The word globalization emerged in the mid-20th century, combining global (rooted in the concept of the Earth as a sphere) with -ization to describe the growing interconnectedness of economies and cultures. The term reflects the modern era's focus on cross-border integration, mirroring earlier terms like internationalization but with a broader, planetary scope.
The rapid pace of globalization has transformed how companies operate.
Critics argue that globalization often benefits wealthy nations more than developing ones.
Cultural globalization has led to the worldwide popularity of foods like sushi and pizza.
Advances in technology have accelerated the process of globalization.
Environmental challenges require solutions that address the effects of globalization.