loss of identity
. And this is what can happen if the idea of
global village
develops
further.
Some people fear that
globalization
will inevitably lead
to total
loss of cultural identity.
Our next group of words is
prosperity
,
standard of living,
and
Human Development Index.
Prosperity
. To put it simply it is the state of being successful usually by making a lot of money.
Globalization
plays an important role in contributing to
sustainable
prosperity
for all people.
Standard of living
could be described as a quality of life or level of material prosperity available to
an individual or a group of people.
The
standard of living
includes factors such as: income,
availability of employment, affordability of housing,
quality of healthcare, and many others.
And finally,
Human Development Index
(HDI) is an index prepared by the United Nations which
lists countries in the order of human achievement taking into consideration three dimensions: health,
education and living standards.
Human Development Index
also shows that countries
with lots of income do not always spend money in ways
that create high life expectancies or education levels.
All these new words are very important when you want to talk or write about globalization.
Let’s move on. Our next term is
consumerism.
It is the belief that it is good for people and society to spend a lot of money on goods and services.
Although
consumerism
can take many forms, it generally
refers to very high levels of excessive consumption.
Now we move on to another pair of words which students often confuse.
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