In a nutshell, the integration and exchange of ideas and goods globally. Hence the name, globalization. It benefits the middle class and especially the rich and powerful, but has hurt the poor and powerless.
Question: What Is The Truest Definition Of Globalization?

Answer: Princess Diana's death.

Question: How come?

Answer: An English princess with an Egyptian boyfriend crashes in a French tunnel, while in a German car with a Dutch engine, driven by a Belgian who was drunk on Scottish whisky, followed closely by Italian Paparazzi on Japanese motorcycles; treated by an American doctor using Brazilian medicines.

This is sent to you by an American, using Bill Gates's technology, and you're probably reading this on a computer that uses Taiwanese chips, and a Korean monitor, assembled by Bangladeshi workers in a Singapore plant, transported by Indian lorry-drivers, hijacked by Indonesians, unloaded by Sicilian longshoremen, and trucked to you by Mexican illegals.
by a5678 April 11, 2005
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Globalization is the inter-dependence of nations on one anothers' goods, resulting in a global economy. One may argue that such has occurred since civilization began, with the thing we know as commerce, but that is more wrong than right.

There are perks of globalization, such as:
- The ability to travel internationally easier.
- A wide variety of goods, differing in quality and price dramatically.
- Forced peace between inter-dependent nations, which results in less war.
- More universal measurement, arithmetic, and language, making it easier for people to communicate internationally.

Of course, globalization has serious draw-backs, too:
- If one economy declines, the rest do, too. This is much like a farmer using one variant of one crop, which will result in the destruction of most of his crop, if a bad disease hits.
- If a universal currency is not used, some, smaller nations will have disadvantages in trade.
- If one nation so chooses to withdraw from the global economy, the entire thing could collapse.
- Those countries that offer less valuable products than others will get fucked over.
- The richer nations profit more than the smaller ones.
I, personally, do not advocate globalization.
by Amerikaner August 26, 2006
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Yes, as the definition above states, globalization is the exchange of goods, services and ideas across national boundaries. What many people fail to realize is that globalization has been going on for hundreds of years. However, the rate at which globalization has been spreading has increased dramatically within the past two decades due to factors like technological advancements in communications.

Globalization does not make the rich richer and the poor poorer. This is a common myth held by many narrow-minded religious fanatics and ignorant people who don’t know the first thing about business. Anybody who has taken a basic introductory course in economics will realize why globalization works to both the more affluent as well as the poorer nations’ advantage.

There is a growing disparity, however, between nations that are not globalized and those that are becoming more globalized. A study conducted by the World Bank in 2005 proves that nations who have taken part in globalization have experienced a growth in education levels, as well as an increase in GDP and standard of living. On the other hand, their less-globalized counterparts suffered the reverse.
Have you had your glass of Globalization today?
by Globalization May 23, 2006
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Descriptive of a once quality product or respected brand which has been outsourced to low-wage suppliers that now produce inferior copies of the original.
Levi's were great before they were globalized.
by barkal December 15, 2013
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Buzz word used by today's large American employers in years 2009+, where jobs and industry are being offshored or moved overseas.

Basically this is an early warning to employees, and it stands for

Gonna Lay Off Buttloads And Lie

Make preparations in advance after hearing this word! There will soon be alot less people working at the company, and likely one of them is YOU.
Manager: "ComTech is moving toward becoming a GLOBAL corporation."

Manager: "We have started a new GLOBAL hiring initiative."
by Sir Rutherford January 28, 2011
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This term comes from the video game World of Warcraft. To "global" someone means to kill them almost instantly, in the space of one global cooldown (about 1 to 1.5 seconds).
by vurt August 3, 2012
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