Internationalisation refers to the significant increase in relations between countries. Increases in economic trade and political relations between countries have led to increased interdependency between countries, especially on an economic level. There has also been increased movement of people, capital, and ideas between countries. International relations between countries have always existed, but in today's globalised world, these relations have become more important and more significant than ever before. Liberalisation refers to the loosening of government restrictions on movements between countries. It is easier for individuals to move between countries, and also for money and capital to move between countries.
The main component of liberalisation has been economic. There have been increasing commitments on the part of nations to adopt free trade policies and allow the free movement of capital between states. There have been significant reductions in tariffs and on foreign exchange restrictions. Capitalism has been adopted on a global level with companies competing against companies in other countries, and the increased presence of multinational corporations in many countries.
Universalisation refers to an increasing homogeniety across countries. Due to economic liberalisation and the opening up of markets to the world, the same products can be found in