The term localization means modifying a translation to fit a local culture's patterns of language usage. For example, a training manual being shipped to Argentina might be published in a special Argentinian Spanish edition. A localized manual is vernacular: It speaks to the audience in a familiar style, with local idioms.
In contrast, globalization (or "internationalization") refers to editing a document before translating it. This means making the original English text clearer so that it will be easier to translate into a wide variety of languages. Although the original document may seem clear to a native English speaker, it probably contains idioms that cannot be easily translated.
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