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What does globalisation mean?

Looking for the meaning or definition of the word globalisation? Here's what it means.

Noun
  1. The process of becoming a more interconnected world.
  2. The process of the world economy becoming dominated by capitalist models. (World System Theory by I. Wallerstein)
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Examples
Political groups which resist the advance of globalisation are protecting entrenched domestic lobbies.
It is a worldwide standardised strategy born in the era of globalisation that has been hard to challenge.
The notion of local residency was forged long before globalisation changed the living conditions of the world.
But it provides more ammunition to those opposed to American corporate globalisation.
On the whole it does not seem that New Zealanders are coping so well with the challenges of globalisation.
The capitalist response to this has been the process known as globalisation.

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