Personally I leave it set to depth below keel, to which I add 1.5 metres for actual depth. There is a special corner of hell reserved for the person who then reset it to actual depth and did not tell me or put it back again! Fortunately I had already slowed right down thinking ... surprised there's this much water here as we came to a sudden stop.
Since lateral means side, multilateral means basically many-sided. The philosophy of multilateralism claims that the best solutions generally result when as many of the world's nations as possible are involved in discussions, and multilateralists often favor strengthening the United Nations.
Definition of globalization. : the act or process of globalizing : the state of being globalized; especially : the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets.