globalization
definition
the process by which businesses or other organizations develop international influence or start operating on an international scale
example
The rapid pace of globalization has allowed small businesses to reach customers in markets around the world.
synonyms
internationalizationglobal integrationworldwide expansion
word origin — The term 'globalization' is derived from the root word 'global', which comes from the Latin 'globus' meaning 'sphere'. The suffix '-ization' indicates the process of making something global. The term gained prominence in the late 20th century.