And, this enhances free trade and capital mobility services as well. The results of internationalization include increasing the influence of the enterprise of a local market and influencing globalization. The results of globalization include the decrease of global market trade barriers, the emergence of free and open markets, the mobility of free trade capital, increased and uncontrollable migration, decline of local cultures and identities and the negative effect on the small local business.
Hence, this is another important difference between internationalization and globalization. Most people confuse the two terms internationalization and globalization due to their similar nature.
However, they are two distinctive, yet connected concepts. The main difference between internationalization and globalization is that internationalization refers to the way in which a certain company or a market increase its footprint or influence in the international market while globalization refers to the process where the local markets and economies, on the whole, connect with those in other countries sharing the universally accepted rules and regulations. Kenton, Will.
Upen, BA Honours in Languages and Linguistics, has academic experiences and knowledge on international relations and politics. With these terms like globalization and internationalization were coined by economists and businessmen. Many people are considering both the terms as the same, however, they both globalization vs internationalization are different.
Start Your Free Marketing Course. From , India accepted Liberalization, Privatization, and Globalisation, and made the economy open for world-class companies to invite foreign investment in the nation. Here, we can see that Globalisation is the result with which free and open trades are end result of global business markets.
To achieve this result, various brands started putting their steps outside the nation and started delivering goods and services that are up to the mark of international standards which is nothing but the internationalization of that brand or product.
While globalization is the rapidly growing integration of communication, financial, as well as a political ideology. Although, internationalization is the process that results in globalization as firm movements could be said to be the cause of globalization. With the passage of time, Free traders would say we want to become less self-sufficient and more globally integrated for satisfying the consumer needs more adequately.
This increased interdependence, in the end, will also eliminate war-related situations which ultimately leads to harmony among the nation. Free trade, specialization, and global integration mean that nations are free to trade. Its not humane to take everything from these people. Imperialism has never lead to any good in the past, why would it now? In the past imperialism has sent the world in chaos. This has started wars from the beginning of time. Valentina Ghinea….
Internationalization Business Nowadays, many of organizations have taking a challenge. They focus on a specific but important kind of market development, operating in different geographical markets. It is internationalization. International means between or among on nations, it refers to increase the international trade.
Internationalization has nothing to do with economic reforms in a country that lead to integration with the policies of the rest of the world. The same applies to modification of economic policies to make them more universal in nature. Coming from Engineering cum Human Resource Development background, has over 10 years experience in content developmet and management. Your email address will not be published.
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