CHAPTER 1

Internationalization of Economies

Among all factors affecting businesses, internationalization or globalization of the economies has been found having the most profound impact on private business management since the World War II. Of course, cross-border mergers and acquisitions (M&As) is an essential component of the internationalization or integration of diverse economic systems. Accordingly, it is pivotally important to have a clear understanding of the internationalization of the economies. We elaborate this critical concept, in this introductory chapter, by examining the constituent parts of the internationalization process.

Internationalization of Product and Service Markets

It is common to use the sum of exportsand importsof ...

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