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the expansion of a firm into foreign economies by EXPORTING, but more specifically by FOREIGN INVESTMENT in the establishment of components factories, manufacturing plants and sales subsidiaries. See MULTINATIONAL ENTERPRISE, FOREIGN MARKET SERVICING STRATEGY.

International growth provides additional sales opportunities for firms constrained by the small size of their national markets and serves to reduce their dependency on a single national market to generate profits. See STRATEGIC DIRECTION.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson


Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Firstly, we review the internationalization of service firms.
The internationalization of service firms can be related to developments in the general global business environment (Forsgren 2001) in which service firms have constituted the largest share of global foreign direct investment (FDI) in recent decades (Pla-Barber and Ghauri 2012), accounting for 64% of global FDI stock in 2014 (UNCTAD 2016).
In the long term, it is believed the yuan's internationalization will be an evitable trend.
To fill in this gap, this paper develops a two-country, China and the U.S., and two-goods model to investigate the implications of the internationalization of the renminbi (RMB, Chinese currency) on the international price system, one of the most fundamental elements of the international economy.
Global India Education Forum is one such initiative from India by Discovery Education Media to provide an international platform for discussions and encourage partnerships with International Institutions and recognize the efforts that are being made by Indian Institutions and respected leaders from India towards Internationalization of Indian Education.
In this way, both the process of internationalization of companies and the RBV theory share elements linked to the generation of innovation.
However, very few studies have been conducted on the internationalization of SMEs particularly in the context of Pakistan.
The reason why Korea had no choice but to work toward internationalization is due to the sudden drop in the school-age population.
Hence, companies progress through a series of learning and commitment steps, also known as internationalization stages (this model was first suggested by Johanson and Vahlne in 1977 and is termed the Uppsala model).
The aim of this paper is to analyse and contrast traditional internationalization theories and the born global phenomenon, or the process of rapid globalization, in the context of the Croatian digital agencies' internationalization process.
In a recent report for the Association for International Educators (NAFSA), Green (2012) emphasized that measuring and assessing internationalization outcomes and impact will take on greater importance as they continue to become more controlled to the definition of quality in learning, research and engagement.