globalism n.

1670s, "spherical," from globe + -al (1). Meaning "worldwide, universal, pertaining to the whole globe of the earth" is from 1892, from a sense development in French. Global village first attested 1960, popularized, if not coined, by Canadian educator Marshall McLuhan (1911-1980).

Postliterate man's electronic media contract the world to a village or tribe where everything happens to everyone at the same time: everyone knows about, and therefore participates in, everything that is happening the minute it happens. Television gives this quality of simultaneity to events in the global village. [Carpenter & McLuhan, "Explorations in Communication," 1960]

word-forming element making nouns implying a practice, system, doctrine, etc., from French -isme or directly from Latin -isma, -ismus (source also of Italian, Spanish -ismo, Dutch, German -ismus), from Greek -ismos, noun ending signifying the practice or teaching of a thing, from the stem of verbs in -izein, a verb-forming element denoting the doing of the noun or adjective to which it is attached. For distinction of use, see -ity. The related Greek suffix -isma(t)- affects some forms.