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Internationalization is a crucial strategy not only for companies that seek horizontal integration globally but also for countries that addresses the sustainability of its development in different manufacturing as well as service sectors especially in higher education which is a very important context that needs internationalization to bridge ...
Internationalization is the process of designing a software application so that it can be adapted to various languages and regions without engineering changes. Localization is the process of adapting internationalized software for a specific region or language by translating text and adding locale-specific components.
Examples of on-campus cultural learning opportunities include: internationalizing the curriculum, developing inter-cultural research projects, collaborating with local minority groups, and promoting interactions amongst domestic and international students. [8] Examples of good practice in this area are now also widely available. [9]
Increasingly, companies are sourcing their human resource requirement globally. For example, at Sony Corporation, only fifty percent of its employees are Japanese. [32] Business people with an education in international business also had a significantly higher chance of being sent abroad to work under the international operations of a firm.
In economics, the new international division of labour (NIDL) is an outcome of globalization.The term was coined by theorists seeking to explain the spatial shift of manufacturing industries from advanced capitalist countries to developing countries—an ongoing geographic reorganisation of production, which finds its origins in ideas about a global division of labor. [1]
For example, thinking of international education in terms of a study abroad program that can help prepare students when looking for international occupations. Another example can be that international development is a focal point that is taught in colleges and universities under the umbrella of international education. [citation needed]
Economic globalization is the intensification and stretching of economic interrelations around the globe. [3] [4] It encompasses such things as the emergence of a new global economic order, the internationalization of trade and finance, the changing power of transnational corporations, and the enhanced role of international economic institutions.
RMB internationalization accelerated in 2009 when China established the dim sum bond market and expanded Cross-Border Trade RMB Settlement Pilot Project, which helps establish pools of offshore RMB liquidity. [1] [2] The RMB was the 8th-most-traded currency in the world in 2013 [3] and the 7th-most-traded in early 2014. [needs update]