globalization

n. becoming universal, making worldwide (also globalisation)

Globalization (or Globalisation) refers to increasing global connectivity and integration in the  economic, social, technological, cultural, political, and ecological spheres.
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Globalization Global village The dissolution of national borders in all aspects of human endeavor. See G7, Global medicine, Third world. [more]Globalization - Community and Resources

Noun
1. growth to a global or worldwide scale; "the globalization of the communication industry"
(synonym) globalisation
(hypernym) economic process
(derivation) globalize, globalise

Tendency toward a worldwide investment environment, and the integration of national capital markets.