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GLOBALIZATION - Coggle Diagram
GLOBALIZATION
INERNATIONALIZATON
Internationalization describes the process of designing products to meet the needs of users in many countries or designing them so they can be easily modified, to achieve this goal.
When a company seeks to sell its goods abroad, it may find that there are several roadblocks in the way. Some may be technical barriers that need to be overcome; for instance, different voltages of household electricity or different plug shapes found around the world.
EXAMPLES OF INTERNATIONALIZATION
Global
OFW
Comparative Advantage
LIBERATION
Liberalization is mainly concentrated on economic activities as a result of modernization and development
iberalization also often involves reductions in taxes, social security, and unemployment benefits.
EXAMPLES OF LIBERATION
Financial Sector Reforms
Foreign Exchange Reforms
External Sector Reforms
Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
EXAMPLES OF GLOBALIZATION
Financial Globalization
Technological Globalization
Cultural Globalization