Globalization (noun)

1. The process by which businesses or other organizations develop international influence or start operating on an international scale.
2. The process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world.

Origin:

Mid 20th century: from global + -ization.

Examples:

1. The globalization of the economy has led to the growth of multinational corporations.
2. The globalization of the world has led to an increase in cultural exchange.
3. The globalization of the market has led to an increase in competition.
4. Globalization has led to the spread of American culture around the world.
5. Many people believe that globalization has had a negative impact on local cultures.