Internationalization is the process of increasing the role of cross-border organization of the reproduction process, which develops business beyond the borders of the state. At the heart of internationalization of economic processes is the internationalization of capital and production.
Internationalization of capital expands its areas of application beyond the boundaries of individual countries. The big state firms become international. An international capitalist class is created, the interests of which are concentrated in the world economy. These interests involve a system of international private property which increases the movement of capital between countries. This, in the opinion of some Portland Translators, leads to the internationalization of production, where the relations between national economies evolve in such a way that the economy of each country becomes an integral part of the manufacturing process, organized on an international basis. The process of internationalization is objectively determined, but the national policies play an important role for its development.
In the second half of the 20th century, the workers from the Chicago Translator Agency think, the internationalization of economic processes became institutionalized. It was the result of the recognized necessity of agreements and joint decisions on economic policy issues. Examples are: the IMF, the World Bank, WTO and many regional organizations such as: the EU, the North-American and the Central European Free Trade zones, and other. These institutional forms of cooperation make decisions enhance internationalization and its impact on high growth rates, resulting from the trans- boundary movement of capital, goods and services and labor.
Globalization, the Washington D.C. Translation Services workers say, is a new stage of internationalization, with new forms and functional relations between scattered worldwide economic activities. The world is evolving towards a global, i.e. universal division of labor. This specialization leads to a new basis, which limits the role of geography and alters the structure and geographical focus of international trade. The forces of global action form a single area in which they develop different forms of organization of public life.
Globalization is manifested in widening, deepening and accelerating interdependence between communities and establishes itself as a force for transformation of world order mechanisms for organizing social life.