globalization

/ˌɡloʊbələˈzeɪʃən/ /ˌɡləʊbəlaɪˈzeɪʃən/

Meanings

noun

The process of becoming a more interconnected world.

Examples :

"Globalization allows people to buy products from all over the world, even in small towns. "

noun

The process of the world economy becoming dominated by capitalist models, according to the World System Theory.

Examples :

"Globalization has led to many local businesses struggling to compete with large, international corporations. "

world economy business politics society system history process organization

Related Words

becoming verb

/bɪˈkʊmɪŋɡ/ /bəˈkʌmɪŋ/

To arrive, come (to a place).

"The family is becoming more organized now that they have a new calendar. "

interconnected verb

/ˌɪntərkəˈnɛktɪd/ /ˌɪnɾərkəˈnɛktɪd/

To connect to one another.

"The Internet interconnects a set of networks."

economy noun

/iːˈkɒn.ə.mi/ /iːˈkɑn.ə.mi/

Effective management of a community or system, or especially its resources.

"The school's new economy plan focused on using resources more efficiently. "

products noun

/ˈpɹɒd.əkts/ /ˈpɹɑd.əkts/

A commodity offered for sale.

"The supermarket sells a wide variety of food products. "

capitalist noun

/ˈkæpɪtəlɪst/ /ˈkæpɪdl̩ɪst/

A person who is a supporter of capitalism.

"My uncle is a capitalist who believes that free markets are the best way to create jobs. "

dominated verb

/ˈdɑːməˌneɪtɪd/ /ˈdɑːmɪˌneɪtɪd/

To govern, rule or control by superior authority or power

"The tall basketball player dominated the game, scoring most of the points. "

corporations noun

/ˌkɔːrpəˈreɪʃənz/ /ˌkɔːrpəˈreɪʃnz/

A body corporate, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members.

"Corporations like Google and Apple have many employees working to develop new products. "

process noun

/ˈpɹoʊsɛs/ /ˈpɹəʊsɛs/ /ˈpɹɑsɛs/ /pɹəˈsɛs/

A series of events which produce a result (the product).

"The process of baking a cake involves several steps, from mixing the ingredients to putting it in the oven. "

according verb

/əˈkɔːdɪŋ/ /ə.ˈkɔɹd.ɪŋ/

To make to agree or correspond; to suit one thing to another; to adjust.

"The tailor will according the suit to fit you perfectly. "

businesses noun

/ˈbɪz.nɪ.sɪz/

A specific commercial enterprise or establishment.

"Many small businesses in my town are struggling due to the rising cost of rent. "

struggling verb

/ˈstɹʌɡlɪŋ/

To strive, to labour in difficulty, to fight (for or against), to contend.

"During the centuries, the people of Ireland struggled constantly to assert their right to govern themselves."

international noun

/ˌɪntəˈnæʃ(ə)n(ə)l/ /ˌɪntɚˈnæʃ(ə)n(ə)l/

Someone who has represented their country in a particular sport.

"The United team includes five England internationals."