Effects of globalization

• Improvement in the information flow between geographically remote locations
• the global common market has a freedom of exchange of goods and capital
• there is a broad access to a range of goods for consumers and companies
• worldwide production markets appear
• free circulation of people of different nations leads to social benefits
• global environmental problems like cross-boundary pollution, over fishing on oceans, climate changes are solved by international discussions
• more trans-border data flow using communication satellites, the Internet, wireless telephones, etc.
• international criminal courts and international justice movements are launched
• the standards applied globally like diplomas, patents, copyright laws and world trade agreements increase, so documents, authorized by one country are quite often recognized in another
• international travel and tourism increases
• multiculturalism, a concept that emerged from globalization, maintains different cultures and promotes their social linking
• multilingualism develops, as every society has its own cultural identity. People learn foreign languages and lifestyle of other cultures
• worldwide sporting events like the Olympic Games and the FIFA World Cup are held
• enhancement in worldwide fads and pop culture
• local consumer products are exported to other countries
• immigration between countries increases
• cross-cultural contacts grow and cultural diffusion takes place
• there is an increase in the desire to use foreign ideas and products, adopt new practices and technologies and be a part of world culture
• free trade zones are formed having less or no tariffs
• capital control is reduced

Match the words from different columns to make collocations. Reproduce the information from the text where these word combinations are used. Make your own sentences with these collocations.