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The Differences Between Globalization and Internalization

Globalization refers to the integration of local markets into a single global market through increasing trade and economic interdependence. It involves operating across national borders in areas like product design, marketing, and more. Internationalization is a process where individual companies increase their involvement in international markets, often with assistance, and falls under the umbrella of globalization but focuses on specific economic activities of firms and nations rather than interconnected economies and cultures globally.

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771 views

The Differences Between Globalization and Internalization

Globalization refers to the integration of local markets into a single global market through increasing trade and economic interdependence. It involves operating across national borders in areas like product design, marketing, and more. Internationalization is a process where individual companies increase their involvement in international markets, often with assistance, and falls under the umbrella of globalization but focuses on specific economic activities of firms and nations rather than interconnected economies and cultures globally.

Uploaded by

Kitty Hello
Copyright
© © All Rights Reserved
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Download as DOCX, PDF, TXT or read online on Scribd
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The differences between

Globalization and Internalization


Although the terms "globalization" and "internationalization" are sometimes
used interchangeably to describe economic, political and or cultural
activities throughout the world, there are several key differences between the
two words.
Characteristic Globalization Internalization
s
Definition - The process of integration The process of
of local markets into one increasing the
global market. This includes involvement of a
any aspect of operating in particular enterprise of a
different national markets, from company in international
product design to marketing.
markets.
- Globalization refers to the Internationalization often
process where the local requires the assistance of
markets and economies, on subject-matter experts,
the whole, connect with technical experts, and people
those in other countries with international experience
sharing the universally
accepted rules and
regulations.
Size Any activities related to “Internationalization” falls
exchange across national border under the banner of
globalization.

Subject Interconnected economies and Specific, economic activities


cultures certain firms or nations
Focus The exchange of products The increase of the client
and services from the base of a certain local
interaction of local markets market in the
in one global market. And, international market
this enhances free trade and
capital mobility services as
well.
Result Increasing the influence of The decrease of global
the enterprise of a local market trade barriers,
market hence influencing the emergence of free
globalization.  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.

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