Globalisation & Connectivity - Tri Duc English TRI DUC ENGLISH IELTS Speaking Part 3 Globalisation & Integration Analyzing Economic Growth, Cultural Homogenization, and the Interconnected World Topic Vocabulary Global Context Liquidity of Capital (n) The ease with which assets or investment funds can be converted into cash or moved across borders. Homogeneous /ˌhɒm.əˈdʒiː.ni.əs/ (adj) Consisting of parts or people that are all of the same type; lacking diversity. Cultural Cohesion /kəʊˈhiː.ʒən/ (n) The degree to which different cultures in a society bond together through shared values. Materialistic /məˌtɪə.ri.əˈlɪs.tɪk/ (adj) Believing that having money and possessions is the most important thing in life. Flow of Comm (n) The continuous transfer of information between individuals or corporations worldwide. Prosperity /prɒsˈper.ə.ti/ (n) The state of being successful and having a lot of money; economic well-being. Unintentionally /ˌʌn.ɪnˈten.ʃən.əl.i/ (adv) In a way that is not on purpose; accidentally (referring to disease transfer). Equality of Opp (n) The right of different groups of people to receive the same treatment and chances. *Click cards to hear pronunciation Arguments For (Pros) Rapid transport for goods/people and liquidity of capital . Promotes faster economic growth and global prosperity . Increased flow of communication between global corporations. Makes nations more homogeneous , promoting equality of opportunity . Ties the world together, bringing welfare, peace, and cultural cohesion . Arguments Against (Cons) Destroys local economies and threatens small independent businesses. Spreads a materialistic attitude toward life. Encourages excessive consumption as the only path to prosperity . Higher risk of diseases being transferred unintentionally between nations. Globalisation Quiz Question 1 What does "liquidity of capital" enable investors to do? A. Invest easily in developing countries B. Protect local small businesses from competition Question 2 Why is "materialism" listed a...