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Internationalization: The Role Of Globalization In International Business

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What is globalization? Globalization can be describe as internationalization, which means the growth in international exchange and interdependence. Globalization has made business transactions across internationally. International business consists of transactions that are devised and carried out across national borders to satisfy the objectives of individuals, companies, and organizations. (Czinkota, Ronkainen and Moffett, 2011)
International business encompasses a full range of cross-border exchanges of goods, services, or resources between two or more nations. (Carpenter, M.A. & Dunung, S.P., 2011) As time passing, human not just needing the basic resources to survive. Besides foods, human needs other elements to continue their life such as tools to make their work easier and save time. Therefore, people started to invent new things and bring into daily life. For example, in the past decades, Japan always the leader of technology. Hence, other countries wanted to purchase the new technologies from Japan, to easier their tasks and increase the productivity. If Japan did not sell their technologies to another country, they just can use them within their country and their economy remain the same, the other hand, selling their technologies to other countries not just …show more content…

When an organization going for globalization, that particular organization can get full use of their resources and reduce the wastage. For example, if a Europe organization locates a resources centre in one of the country in Asia, then that particular resources centre will take charge of all of the resources in Asia and Europe resources centre have no need to deliver those resources to Asia countries. By doing so, the organization has save costs from the transportation charges and fully use their

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