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Globalization as Internationalization and Liberation - Coggle Diagram

- - - - DIFFERENCE BETWEEN INTERNALIZATION AND GLOBALIZATION
        
        INTERNALIZATION is to perform at the international standards with our domestic labor, natural resources to compete for the global market.
        
        It is an effort with own nations' national labor, capital, and resources by operating in domestic and an international market.
        
        KEY DIFFERENCES BETWEEN GLOBALIZATION AND INTERNATIONALIZATION
        
        GLOBALIZATION is the result, while INTERNALIZATION is one of the tools/process to achieve them
        
        GLOBALIZATION is more with the nations and their economies. At the same time, INTERNATIONALIZATION is more related to the local individual, firm, and corporations for doing up their business.
        
        GLOBALIZATION is a process, and INTERNATIONALIZATION is part of the same.
        
        Significant factors that affect GLOBALIZATION are infrastructural and logistics setup, telecommunications, etc. In contrast, INTERNATIONALIZATION gets affected by cultural tastes and preferences, local traditions, etc.
        
        The prominent example of GLOBALIZATION is the Elimination of VISA Obligations, removing tariff and non-tariff trade barriers, liberalizing investment-related obligations, etc. In contrast, INTER-NATIONALIZATION is sourcing, producing, or selling materials or delivering services from one or more countries, setting up branches and subsidiaries in other countries, etc.
        
        GLOBALIZATION is an economic process as it aims to integrate the economies. INTERNATIONALIZATION is an improvisation process as it will expand the business across the nations.
        
        Organizations like International Monetary Fund (IMF), World Bank, World Trade Organization (WTO), etc., observe and work to implement GLOBALIZATION. At the same time, institutions like the European Union (EU), Asia Pacific Economic Cooperation (APEC), North Atlantic Free Trade Agreement (NAFTA) etc., boosts INTERNATIONALIZATION.
        
        GLOBALIZATION is to integrate the economies with integrity and unity globally to use other nations' labor, capital, and resources to reach the best results.
  - - - After hitting 1000 stores locally, Jollibee started to go international by putting up store branches in key cities of the world where Filipinos live. Another one is McDonald's, which started as a fast-food chain inside the U.S. military bases in the Philippines catering to the Americans who live and work inside Clark Airbase in Angeles City, Pampanga, and Subic Naval Base Olongapo City, Zambales. After the bases closed down in 1991 and transferred to the Philippine government, the store chain inside the bases started to put up branches all over the Philippine and was patronized by Filipinos.
- - - - WHAT ARE GLOBALIZATION AND LIBERALIZATION?
        
        GLOBALIZATION and LIBERALIZATION are concepts closely related to one another. Both of them refer to relaxing social and economic policies that result in better integration with an economy and between nations.
        
        GLOBALIZATION is the greater integration among countries and economies for trade, economic, social, and political benefits.
- - - - LIBERALIZATION is a process of removing government-imposed restrictions on the movements between nations to create an "open and borderless" world economy.