UK resident here.
I'm not an economist (although I did do a module in Economics at University) so I can't give you the technical definition of globalisation. But, for most of Britain, globalisation is the transference of jobs to poorer countries where the labour is cheaper. Manufacturing has all but died in the UK within the last 10-15 years. It's all done abroad now. Even our service sector is being sent abroad (India handles a lot of our technical support/call centre work now). Still, the UK has a lower unemployment rate than at any time previously, which is a miracle considering the amount of immigration we have along with our outsourced jobs.
I'm not sure globalisation is a bad thing. The next 20-30 years will give a good idea whether it is as India, China and other Asian countries become more economically powerful.