Definition of globalization as internationalization & liberalization

Globalization refers to the processes by which a company brings its business to the rest of the world. Internationalization is the practice of designing products, services and internal operations to facilitate expansion into international markets.

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Garcianolram62viz Garcianolram62viz · Answer 2

GLOBALIZATION refers to any activity that brings the people, cultures and economies of different countries closer together

INTERNATIONALIZATION is a corporate strategy that involves making products and services as adaptable as possible, so they can easily enter different national markets. This often requires the assistance of subject matter experts.

LIBERALIZATION is the process where a state lifts restrictions on some private individual activities.

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