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Essay On Globalization And Internationalization

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One of the first authors to use the term "globalization" was Theodore Levitt (1983), referring to the globalization of markets. He proposed this term to designate the convergence of markets worldwide. According to the author globalization and technology are the two main factors forming the international relations. In the book "The Competitive Advantage of Nations" Michael Porter (1990) uses the term "globalization" to provide an enlightening insight of how countries can improve their competitive advantage in this era of free global market.
Kenichi Ohmae (1990) considers as global company the one that has abandoned its national identity, by crossing the national borders and operates as an entity without a homeland, in a global scale.
The IMF (1997) understands "globalization" as the accelerating global integration of …show more content…

Under the strategic approach, the internationalization of companies is the result of the adoption of a number of strategies, which consider both the resources and capabilities of the company, and the opportunities and threats of the environment.
The internationalization of companies is the process by which a company participates in the globalization, the way the company plans its activities to an international environment and generates flows of various types (commercial, financial and knowledge) between different countries. Another definition of internationalization of companies is "the process of adapting modalities of exchange transaction to international markets" (Andersen, 1993). This definition expresses the idea of internationalization as a dynamic activity that includes foreign market entry modes and selection of the international markets. These two dimensions represent the key strategic decisions regarding the internationalization of a firm (Buckley,

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