Globalisation / Internationalisation

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There are differing perceptions on Globalisation and Internationalisation. Both the terms are often used interchangeably which is a big mistake.

A number of scholars insist that Globalisation and Internationalisation are two distinct terms. The European Union’s definition of Globalisation suggests that Globalisation refers to the “movement of goods, services, capital, technologies and people worldwide, as more and more countries around the world open up to wider contact with each other.”

In economic terms Globalisation can be defined as the increasing integration of economies across national borders through trade in goods and services, the migration of labour and the investment of capital. Widely, it also involves the spread of cultural influences and ease of communication across borders.

Contrary to this, Internationalisation refers to the growing significance of trade, relations, alliances, etc. between or among nations.

In Internationalisation, nation still remains the primary unit, even as relations among nations become increasingly important.

In case of Globalisation previously national economies integrate together to form one global economy by means of free trade, free capital movement and ease of migration. Globalisation is an effective way of removing national boundaries for economic purposes. (Herman E. Daley, 1999) Internationalisation requires participatory involvement among the equivalent associates.

However, it is not necessary that the partnership between the advanced and developing countries would ensure equal treatment to all involved. Whereas “Globalisation” creates homogeneous social, economical, and cultural processes.