TIME magazine January, 2011: ” Globalism — the free flow of money, people and goods ” HERE
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“Globalization can pertain to a lot of things. Over the years, the term has spawned contradicting, and even absurd, definitions. Thankfully, the United Nations has come up with a definition which asserts that globalization should be viewed in an economic context. The United Nations defined globalization as free trade, which includes the removal of tariffs and other impediments to the free flow of capital, goods, labor, and services.” HERE
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glob·al·i·za·tion
noun \ˌglō-bə-lə-ˈzā-shən\

GLOBALIZATION:

the act or process of globalizing : the state of being globalized; especially : the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets

Merriam Webster HERE