Globalization
Part of speech: noun
Definition: The process of becoming a more interconnected world.
Example sentence: Diversification and globalization are the keys to the future.
Globalisation
Part of speech: noun
Definition: The process of going to a more interconnected world.The process of making world economy dominated by capitalist models. (World System Theory by I. Wallerstein)
Example sentence: The term 'globalisation' is conventionally used to refer to the specific form of investor-rights integration designed by wealth and power, for their own interests.