internationalisation has been a component of globalisation true or false
True. Internationalisation is considered to be a component of globalisation. It refers to the process of integrating or expanding business operations beyond national borders, including aspects like international trade, investment, and cultural exchange. Internationalisation is driven by globalisation, which is the broader phenomenon of increasing interconnectedness and interdependence between countries and people worldwide.
True. Internationalization is a component of globalization. Globalization refers to the increasing interconnectedness and integration of economies, cultures, and societies worldwide. Internationalization, on the other hand, specifically focuses on the expansion of international economic activities, such as the cross-border movement of goods, services, capital, and people. It is considered as one of the key drivers or components of globalization.
True. Internationalization and globalization are closely related concepts but with distinct characteristics. Internationalization refers to the process of expanding business activities across national borders by establishing subsidiaries, partnerships, or exporting goods and services. It involves adapting products, services, and operations to suit different markets.
On the other hand, globalization is a broader term that encompasses the worldwide integration and interdependence of economies, cultures, and societies. It involves the free flow of goods, capital, information, and ideas across borders, leading to the development of a global network of interconnectedness.
Therefore, internationalization is one of the components of globalization. It enables businesses to penetrate global markets and participate in the global economy, contributing to the overall process of globalization.