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Practice Listening: Summarize Spoken Text
ID: #31215
Medium
Definition of Globalization
Instructions
You will hear a short lecture. Write a summary for a fellow student who was not present at the lecture. You should write 50-70 words.
Transcript:
Globalisation, what is globalisation? I think that it takes on a few different definitions in one sense of the word. Globalisation means a proliferation of transactions across the country. So, one way of thinking about globalisation is a way to describe, increase international communications, more trade happening between countries and be less self-sufficient in providing goods and services to their people and more companies that have offices in multiple countries, which we call multinationals. So, the source of growth in travel and communication and corporate trade across borders. And this way of thinking about globalisation is the continuation of thinking that has been around for a long time, such as when the Europeans went to the Orient, to find spices, which was also an example of global trade and communication. Another way to think of globalisation, though it is an economic system. It is a system in which countries become integrated in a way that never had been before. In this system, we see a global split in the process of consuming and producing goods. Some countries produce goods, some countries consume goods, and then these countries in different areas of the globe depend on each other in a kind of organic solidarity rather than having an economic system being just inside your country. The system is the way the economy in your country functions depends on the economy of another country. And in fact, this way of thinking about globalisation represents a new area of economic progression. The past industrialist economy has been a global issue.
* Summarize in the box below (between 50 and 70 words)
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