2. Discuss the different concepts of globalization.
“Globalization as internationalization”
“Globalization as liberalization”
“Globalization is used as universalization”
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2. Discuss the different concepts of globalization.
“Globalization as internationalization”
“Globalization as liberalization”
“Globalization is used as universalization”
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Answer:
“Globalization as internationalization”
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.
“Globalization as liberalization”
Liberalization is mainly concentrated on economic activities as a result of modernization and development.
“Globalization is used as universalization”
While universalization means extending the impact of globalization through spread of ideas, goods, inventions, experiments, etc. – universal i.e. in the entire world. Andrew Heywood explains that “Universalization” meant the universality and community of the value, introducing universal order on the global scale.
Explanation:
Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.
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