Globalization

Definition

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

Parts of Speech

• Noun

Pronunciation

American English

• IPA Pronunciation: /ˌɡloʊbələˈzeɪʃən/
• Respelling: GLOH-buh-luh-ZAY-shuhn (with "GLOH" as in "glow," "buh" as in "but," "luh" as in "sofa," "ZAY" as in "say," and "shuhn" as in "nation")

British English

• IPA Pronunciation: /ˌɡləʊbəlaɪˈzeɪʃən/
• Respelling: GLOH-buh-ly-ZAY-shuhn (with "GLOH" as in "glow," "buh" as in "but," "ly" as in "lie," "ZAY" as in "say," and "shuhn" as in "nation")

In both dialects, "globalization" places the primary stress on the fourth syllable, "ZAY." The pronunciation is similar across both American and British English, focusing on the clear articulation of "GLOH-buh-luh-ZAY-shuhn" in American English and "GLOH-buh-ly-ZAY-shuhn" in British English.

Etymology

The term "globalization" stems from the word "global", which is derived from the Old French globe, referring to a spherical object, and the Latin globus, meaning "sphere". The suffix "-ization" indicates the process of making or becoming, reflecting the idea of the world becoming more interconnected.

Derivatives

• Globalize (verb)
• Globalized (adjective)
• Globalizing (verb, present participle)
• Global (adjective)
• Globalism (noun)

Synonyms

• Internationalization
• Universalization
• World integration

Antonyms

• Localization
• Insularity
• Nationalism

Usage

Globalization is a multi-faceted process that affects various aspects of society, including trade, communication, culture, and politics. It is often associated with the spread of technology, the rise of multinational corporations, and the increasing influence of international institutions. The term is frequently discussed in economics, sociology, and political science, and is a key concept in understanding modern global dynamics.

Related Terms

• Trade liberalization
• Multinational corporations
• Outsourcing
• Interconnectedness
• Cultural diffusion

Detailed Definition

Noun

• Integration of Markets: The expansion and intensification of international trade, investment, and financial markets, leading to a more interconnected global economy.
  • Example: The globalization of the economy has led to increased competition and innovation.

• Spread of Ideas and Cultures: The exchange and assimilation of cultural elements, such as music, food, fashion, and values, across different societies.
  • Example: Globalization has introduced diverse cuisines to new regions, enriching local cultures.

• International Cooperation and Governance: The development of international norms, regulations, and institutions that govern global interactions and address transnational issues.
  • Example: The globalization of environmental policy has led to international agreements on climate change.