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Globalisation is a common topic in IELTS speaking, writing and listening tests. Thus knowing vocabularies related to 'globalisation" will help you write a better essay, understand topics discussed in a listening test and answer questions asked in a speaking exam.
Vocabularies to describe something global:
All around the world/ all over the world/ globally/ worldwide: Something that is related to the global context and not confined to a single part of the world.
Vocabularies to describe the different regions of the world:
Less developed countries: Perhaps the aid should be diverted to some less developed countries that have the scarcity of natural resources and where poverty is still widespread.
Developing countries: Many developing countries still struggle to meet the basic needs of their citizens.
Rich nations: I believe, rich nations have a natural obligation to help poor countries so that they can become self-sufficient in the long run.
The industrialised world: The industrialised world can provide financial support to such poor nations.
Superpower: The USA is a great economic superpower and the decision made by the country often determine the fate of many poor nations.
Globalisation and trade:
Consumerism – Consumerism is a trend developed due to globalisation. It means we want to buy whatever we want, whenever we want and wherever we go.
Multinational: Not restricted to a single nation and usually global in nature.
Global trade: Tariffs imposed on many products negatively impact global trade and international understandings.
Universal: Some aspects of globalisation have brought universal benefits while others are often debated.
International: Some events are international while some are specific to a country or a city.
Ubiquitous: It means: ever-present, present everywhere, everywhere, all over the place, all-pervasive, universal, worldwide, global.
The global village: We live in a global village where we can enjoy many international brands and products and thanks to the globalisation for this facility.
The global economy: The global economy is somewhat complex and can affect a national more than others.
Unilateral: Related to multiple nations (global in nature)
Bilateral: Related to two nations which involve two parties, especially countries.
Vocabularies related to negative sides of globalisation:
Loss of identity: Many countries are concerned about their loss of identity due to the negative impacts of globalisation on their local culture and custom.
National sovereignty: While we wholeheartedly welcome the global trade facility, we should be wary of the threat to our national sovereignty that might follow due to globalisation.