Daily Slice of IELTS Vocabulary
Topic: Globalization

B2 Level Vocabulary:

1. Globalization: the process by which businesses or organizations operate on a global scale
2. Internationalization: the process of making a business or organization operate on an international scale
3. Multinational corporation: a company that operates in multiple countries
4. Global market: the market for goods and services that operates on a global scale
5. Free trade: the exchange of goods and services between countries without tariffs or quotas
6. Protectionism: government policies that protect domestic industries from foreign competition
7. Offshoring: the practice of moving a company's operations to another country
8. Outsourcing: the practice of hiring an outside company to perform a task or function
9. Global citizen: a person who is aware of and involved in global issues
10. Cultural homogenization: the process by which different cultures become more similar due to globalization

C1 Level Vocabulary:

1. Neo-liberalism: an economic theory that emphasizes free markets and limited government intervention
2. Imperialism: the practice of extending a country's power and influence over other countries
3. Global governance: the system of rules and institutions that govern international relations
4. Transnational corporation: a company that operates across national borders and has a global presence
5. Globalization of labor: the movement of workers from one country to another in search of employment
6. Digital divide: the gap between those who have access to technology and those who do not
7. Global economic crisis: a widespread economic downturn that affects multiple countries
8. International financial institution: an organization that provides financial assistance to countries
9. Global value chain: the series of activities involved in producing and delivering a product or service
10. Sustainable development: the development of economic, social, and environmental systems that are sustainable in the long term

Note: The vocabulary listed above is not exhaustive, and you should try to learn as many words as possible related to globalization. Additionally, it's essential to practice using these words in context to improve your fluency and accuracy.

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