Focus on Words

Fact File
• China has become the world’s largest exporter surpassing Germany.
• In 2007. China had 415,000 millionaires and India 123,000.
• In 2008 four Indians were among the world’s top 10 richest.
• India is home of almost every well known IT company around the globe.
• 1% of adults alone owned 40% of global wealth in the year 2000.
Work on Words
globalization n the idea that the world is developing a single economy and culture as
a result of improved communication and the influence of large
companies. global adj including or affecting the whole world: The
global economy has become unstable. global warming the increase in
the temperature of the earth caused partly by carbon dioxide in the
atmosphere. globe n a round object that has a map of the world on it;
a round object; the globe, the world. globalize v to make sth become
generally accepted all over the world; to make a business begin
operating all over the world.
consumer n someone who buys and uses goods and services: The technology
means better service for consumers. consumer goods: We should
complain about faulty consumer goods. consume v to use a supply of
something such as time, energy or fuel: My car consumes a lot of
petrol. consumption n the use of sth such as energy or fuel or the
quantity of sth that people use or buy: We have reduced our energy
consumption by 10%.
refer v 1. (to) to describe sth or be about sth: These notes refer to the latest
data in economics. 2. to mention sth or sb: She referred to the subject
several times during her speech. reference n A reference book is a
book that contains facts and information.
expand v to become larger or to make sth larger: The population of the globe is
expanding rapidly. expand on sth to talk or write about sth adding
more details or information. expansion n the action of expanding:
Recently we have faced the expansion of the electronics industry.
apply v 1. to make a formal request: apply for a job/grant/passport/visa: You
should apply immediately, in person or by letter.2. to put or spread sth
onto sth: Apply the glue to both services.3. to operate in a particular
situation: You’ll have to apply force here. application n: 1. a formal
request to do sth:. Our application has been accepted. 2. a particular
use: the application of new methods to industry.
diversity n the fact that very different people or things exist within a group or
place: ethnic or cultural diversity. They expressed a wide diversity of
opinions. diverse adj very different from each other: They were people
from diverse cultures.
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