Globalisation Vocab

Globalization Vocab List
Native English Speakers: For each word on the list, find and type the English definition.
English Learners: For each word on the list, find and type both the English definition and the
translation into your native language.
WORD ENGLISH DEFINITION *1L TRANSLATION

(Việt, Russian, etc.)
(EXAMPLE) an electronic device for storing and (Viêt)̣ Máy vi tính

processing data, typically in binary form,
Computer (n.) according to instructions given to it in a (Español)
variable program. Computadora
(Pусский)
Компьютер
Globalization Different cultures and economic systems toàn cầu hóa

around the world become connected and
similar to each other due to the influence of
large multinational companies and to
improved communication.
https://www.oxfordlearnersdictionaries.com/d
efinition/english/globalization?q=globalisation
Insurance an arrangement with a company in which you bảo hiểm

pay them regular amounts of money and they
agree to pay the costs, damage, illness eg.
https://www.oxf
ordlearnersdictionaries.com/definition/english/
insurance?q=insurance
Social Globalization the sharing of ideas and information toàn cầu hóa xaã hội
between and through different countries.
https://www.tutor2u.net/politics/reference/t
ypes-of-globalisation
Political Globalization the amount of political co-operation that toàn cầu hóa chính
exists between different countries. trị
Economic Globalization the interconnectedness of economies toàn cầu hóa kinh tế

through trade and the exchange of
resources.
Sovereignty complete power to govern a country chủ quyền
efinition/english/sovereignty?q=sovereignty
Protectionism the principle or practice of protecting a chủa nghĩa bảo hộ

country’s own industry by taxing foreign
goods
efinition/english/protectionism?
q=protectionism
Nationalism the desire by a group of people who share the chủ nghĩa dân tộc
same race, culture, language, etc. to form an
independent country
efinition/english/nationalism?q=nationalism
Core Country a powerful industrial nation that dominates quốc gia giàu
the global economic and political system
https://sociologydictionary.org/core-nations/
Periphery Country poor nations that have limited đất nước ngoại vi
industrialization and uneven distribution of
urbanization
https://sociologydictionary.org/peripheral-
nations/
Migration the movement of people to a new country or di cư

area in order to find work or better living
conditions
efinition/english/migration?q=migration
Multinational a large business company that does business in công ty đa quốc gia
Corporation (MNC) several different countries
efinition/english/mnc?q=MNC
Small/medium-sized a business that maintains revenues, doanh nghiệp nhỏ và

enterprise (SME) assets or a number of employees below a vừa
certain threshold
https://www.investopedia.com/terms/s/sm
allandmidsizeenterprises.asp
Free Trade a system of international trade in which there thương mại tự do

are no limits or taxes on imports and exports
efinition/english/free-trade?q=free+trade
Business Incubator provide start-ups and early-stage businesses vườn ươm doanh
with the support and resources those young nghiệp
companies find difficult to access.
https://www.british-business-
bank.co.uk/finance-hub/what-is-a-business-
incubator/
Fair Trade the set of business practices that support thương mại công
producers in developing countries by doing bằng
things like paying fair prices and making sure
that workers have good working conditions
and fair pay
efinition/english/fair-trade_1?q=fair+trade
Free Trade Area a region in which a group of countries has khu vực mậu dịch tự
signed a free trade agreement and do
maintain little or no barriers to trade in the
form of tariffs or quotas between each
other.
https://www.investopedia.com/terms/f/free
_trade_area.asp
Trade Agreement any contractual arrangement between hiệp định thương

states concerning their trade relationships mại
https://www.britannica.com/topic/trade-
agreement
Schengen Agreement a treaty that led most of the European hiệp ước schengen
countries towards the abolishment of
their national borders
https://www.schengenvisainfo.com/sch
engen-agreement/
North American Free an international agreement signed by the hiệp định thương
Trade Agreement governments of Canada, Mexico, and the mại tự do bắc mỹ
(NAFTA) United States, creating a trilateral trade
bloc in North America.
https://www.federalregister.gov/north-
american-free-trade-agreement-nafta-
World Trade an international organization that encourages tổ chức thương mại

Organization (WTO) international trade and economic development, thế giới
especially by reducing limits on trade
efinition/english/wto?q=Wto
Economic Sanctions the withdrawal of customary trade and trừng phạt kinh tế
financial relations for foreign- and security
policy purposes.
https://www.cfr.org/backgrounder/what-are-
economic-sanctions

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Globalization Vocab List

WORD ENGLISH DEFINITION *1L TRANSLATION

(EXAMPLE) an electronic device for storing and (Viêt)̣ Máy vi tính

Globalization Different cultures and economic systems toàn cầu hóa

Insurance an arrangement with a company in which you bảo hiểm

Economic Globalization the interconnectedness of economies toàn cầu hóa kinh tế

Sovereignty complete power to govern a country chủ quyền

Protectionism the principle or practice of protecting a chủa nghĩa bảo hộ

Migration the movement of people to a new country or di cư

Small/medium-sized a business that maintains revenues, doanh nghiệp nhỏ và

Free Trade a system of international trade in which there thương mại tự do

Trade Agreement any contractual arrangement between hiệp định thương

World Trade an international organization that encourages tổ chức thương mại

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