Preview

Globalization Versus Internationalisation

Powerful Essays
Open Document
Open Document
887 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Globalization Versus Internationalisation
Globalisation versus Internationalisation, what do we think?
We have seen the main aspects of Globalisation and his mechanisms during this report. Now we are going to explain the difference between globalisation and internationalisation. This are two words very close but not similar. Firstly, we will define internationalisation rigorously, and then we will see what internationalisation in the world is. We will try to explain the main stage. We also define globalization to be able to compare the two terms. Finally we underline the differences and similarities of globalisation and internationalisation.

According to G. Rocher, internationalisation refers to different exchanges as economics, politics, cultural, between nations. The relations can be pacific or contentious, complementary or competitive. In other words internationalisation is an organisation of the world based on the development. For instances, to sell a product abroad, the opening of a branch of an industry in a foreign country are sorts of internationalisation of the company.
The term internationalisation is appeared and his development has increased after the Second World War and the setting up of free trade. Both, internationalisation and free trade are link because when there are no more barriers for exchanges, especially with the customs duties, it’s easier to develop exchanges between countries. It’s Adam Smith, Then Ricardo, classical economists in 18th and 19th centuries who has lauded development of international exchanges, particularly thanks to Ricardo with his law about comparatives advantages. This law says that every country earns something if they practice international exchange and if they specialise their production where they are the best. It’s for what free trade needs to be introducing to have easier exchanges and to enrich every countries. However this law has some limits.
General Agreement on Tariffs and Trade (GATT) has been created in 1947. It was an agreement to reduce

You May Also Find These Documents Helpful

  • Good Essays

    Study Guide

    • 932 Words
    • 4 Pages

    v. The General Agreement on Trade and Tariffs (GATT)- signed by 23 countries in 1947, promoted tariff reductions and the principle of nondiscrimination in trade policy- the idea that no signatory country would impose higher tariffs on one country than another…

    • 932 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Today globalization is essentially a synonym for global business. Globalization is changing the world we live in at a very increasingly rapid pace (Rodrik., 1997). Changes in technology, communication, and transportation are opening up borders and markets at increasing rates. In any large city in any country, Japanese cars ply the streets, a mobile call can be enough to buy equities from a stock exchange half a world away, local businesses could not function without U.S. computers, and foreign multinationals have taken over large segments of service industries. Impact of Globalisation, both theoretically and practically, can be observed in different economic, social, cultural, political, financial, and technological dimensions of the world. Globalisation has created a new world order and is gradually reaching new heights, incorporating all the fields to form a cohesive network. (Boyer & Drache, 1996)…

    • 3639 Words
    • 15 Pages
    Powerful Essays
  • Best Essays

    Internationalisation is the shifting of any business operations across international borders. This can be in the form of exports, production, contract manufacturing or even the access of information. Internationalisation is usually a strategy adopted by ready established large businesses although the internationalisation of small businesses is becoming more popular in recent times.…

    • 2887 Words
    • 12 Pages
    Best Essays
  • Powerful Essays

    The term Globalisation is normally used to describe the state of multi lateral economic relations in the world today. Globalisation can be defined as the ‘increasing internationalisation of the production, distribution and…

    • 5384 Words
    • 22 Pages
    Powerful Essays
  • Powerful Essays

    Globalization can be described as a process by which national and regional economies, societies and cultures have become integrated through the global network of trade, communication, immigration and transportation. It is therefore the growth of interdependence between national economies and has resulted in a trend towards global markets, global production and global competition. To explain globalization various theories and models have been put forward which will be discussed in-depth in this piece of work.…

    • 2467 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Globalization can be defined as the process of social, political, economic, cultural and technological integration among countries around the world. However, globalization is frequently confused with internationalization. Internationalization increases the importance of international trade, international relations, treaties and alliance between nations (Herman E Daly, 1999). Internationalization works by penetrating another country and adapting to the market independently and collaborating with the local government (Kanter, 1995). Adam Smith and David Richardo explained that in internationalization, the factor of production such as capital and labour are typically less mobile across country. Globalization in other way refers to reforming national economy into one global economy, mainly by free trade, free capital mobility and may create uncontrolled migration. With globalization integration, both capital and goods are free to move internationally.…

    • 2688 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Nowadays, is very common hearing everybody talking about globalization, it can be said that the term has reached a sentimental value, but the truth is that most of the world population do not understand the real meaning of the term. To evaluate the positive and the negative impact that globalization has had on the world, it is necessary to examine different kinds of countries and the different impact that the process has had on them.…

    • 421 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    The Good the Bad the Wto

    • 1337 Words
    • 6 Pages

    On May 19,1948, the General Agreement on Tariffs and Trade or GATT was created. This was not an international organization but an inter-governmental treaty. This provided the framework for the conduct of international trade. But this expanded and grew yearly and in April 1994, in the Uruguay Round of Multilateral Trade Negotiations expanded on the GATT and created the World Trade Organization or WTO.…

    • 1337 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    WTO

    • 2636 Words
    • 9 Pages

    Before the establishment of World Trade Organization (WTO), 23 countries formed General Agreement on Tariffs and Trade (GATT) in 1947 under the auspices of the united nation to abolish quotas and reduce tariffs. And by the passage of time World Trade Organization (WTO) replaced General Agreement on Tariffs and Trade (GATT) in 1995.…

    • 2636 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    The General Agreement on Tariffs and Trade (GATT) was a multilateral agreement regulating international trade. According to its preamble, its purpose was the substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis. It was negotiated during the United Nations Conference on Trade and Employment and was the outcome of the failure of negotiating governments to create the International Trade Organization (ITO). It subsequently proved to be the most effective instrument of world trade liberalization, playing a major role in the massive expansion of world trade. GATT was signed in 1947 and lasted until 1994, when it was replaced by the World Trade Organization in 1995.…

    • 629 Words
    • 3 Pages
    Good Essays
  • Best Essays

    The issue of globalisation is multifaceted and therefore a short overview is provided. The structure will lead through definitions of globalisation and its history. Subsequently drivers of globalisation as well as impacts thereof are presented. Conclusively all facts are reflected and challenges for the second decade of the 21st century will be revealed.…

    • 2526 Words
    • 11 Pages
    Best Essays
  • Good Essays

    Secondly, many recent advances in technological fields such as communication and transportation have helped globalization increase worldwide trade and investment. The beginning of this ‘free-trade’ era started when the Soviet Union was defeated by the United States, and the end of the Cold War. This helped many organizations such as the WTO (World Trade Organization) or the IMF (International Monetary Fund) support free markets, making the economy less state dependent. These organizations have helped to create a more globalized economy by the creations of TNCs (Transnational Corporations). This resulted in the rapid and successful industrialization of some nations (NICs) and on a different way of dividing production worldwide (NIDL). On another hand, internationalization did not really globalize the economy but rather promoted the activity of a nation and its companies internationally.…

    • 589 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Internationalization is the increased significance for corporations to foster international relationships and to create alliances in efforts to provide goods and services to different parts of the world. This is all in part to globalization. The text talks about the various forces that are driving this behavior; for instance, the reduction of trade barriers through trade agreements so that more goods and services can be traded more openly, as well as they are able to enter into new markets with lower overhead costs.…

    • 1746 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    case study methods

    • 516 Words
    • 3 Pages

    . General Agreement on Tariffs and Trade (GATT) was originally created by the Bretton Woods Conference as part of a larger plan for economic recovery…

    • 516 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    The first part of this essay will be aimed towards understanding the concept of globalisation. We will analyse the various advantages and disadvantages that arise as a result of globalisation. The major part of the essay will concentrate on investigating the impact of global, regional and bilateral trade agreements can impact the global economy.…

    • 3725 Words
    • 12 Pages
    Powerful Essays