economic process any process affecting the production and development and management of material wealth
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Wiktionary
Substantiv
globalization -
Alternative spelling of globalisation.
Wikipedia
Globalization (or globalisation) describes the process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade. The term is sometimes used to refer specifically to economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. However, globalization is usually recognized as being driven by a combination of economic, technological, sociocultural, political, and biological factors.
