What does "globalization" mean?

American and Oxford British English standard spelling of globalisation.

How do you pronounce "globalization"?

Pronounced //ˌɡləʊ.bə.laɪˈzeɪ.ʃən//.

Common synonyms include: cultural diffusion, economic integration, europeanization, global cultural exchange, global integration, globalisation.

/ˌɡləʊ.bə.laɪˈzeɪ.ʃən/ noun

noun ·Rare ·Advanced level

Noun

1
American and Oxford British English standard spelling of globalisation. countable, uncountable
"He presents Hitler’s rise as an element of the collapse of a republic confronting dilemmas of globalization with imperfect instruments and flawed leaders."
2
growth to a global or worldwide scale wordnet

"Moreover, the sweeping change brought by modernity and globalization led many Muslims to view the West as hostile to the traditions of Islam."

From globalize + -ation.