Internationalization
Internationalization: the extension of economic activity across national borders to harness the benefits of lower costs in other economies, with countries specializing in a particular stage of production. It is one of the results of decreasing costs of transport and communications which promotes the integration of markets for goods, services, technology, ideas, capital and human resources. Analysts tend to distinguish internationalization from globalization. Some see the former as allowing countries to retain their economic independence and the latter as weakening national sovereignty.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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