IPA: //ɡloʊbəlɪˈzeɪʃən//
KK: /ɡloʊbəlɪˈzeɪʃən/
The process of countries and businesses becoming more connected and interdependent through trade, communication, and cultural exchange.
Globalization has led to increased trade between nations and a greater exchange of ideas.
Globalization is formed from "global" (from Latin "globus", meaning sphere or round object) and "-ization" (a suffix used to form nouns indicating a process or action). The term refers to the process of making something worldwide or encompassing the entire globe.
Think of the word 'global' which means relating to the whole world, and the suffix '-ization' indicates a process. This helps you remember that globalization is the process of making something worldwide.