no, global topology, which is related to curvature.
For instance, I can go from Sydney to Sao Paulo going either East or West on the territory, but on the 2-d map you can only draw one path. You can map one point on the territory to multiple points on the map but that is itself a mismatch with the territory.
A model like WordNet, for instance, loses information about out-of-dictionary words. Words like "if", and "and" and "bit" are in the dictionary, maybe 95% of the words in your text are in the dictionary, but 50% of the meaning is in the out-of-dictionary words. There are things like FastText that do a little better (have a fighting chance of guessing at latin and greek words smushed together) but still make mistakes at an early phase of analysis which can't be recovered at later stages of analysis.
For a domain such as medical notes (say abstract of a medical case study) you might want to answer some question like "Did the patient die?" or "What code would I bill insurance for this?" and much more than half the time an embedding throws out an piece of information which is essential to computing the right answer as opposed to guessing at the answer.