There are different perceptions about globalization and internationalization, so as English major student

I would explain my answer in a simpliest form to make it easier to understand.

The globalization and internationalization are similar in a way of its transactions which is both
international to produce goods or deliver services that have the capability of entering into the
international markets and have the standards that are globally accepted. With these terms like
globalization and internationalization were coined by economists and businessmen. Many people are
considering both the terms as same, however, they both globalization vs internationalization are
different.

To differentiate, globalization means connecting the economies of the world for free trade and
economic policies to integrate the world into the global village.Internationalization means to expand the
business and enter into the market of different countries. It is the process in which business, firm or an
individual expands and becomes part of the other countries, it may be for goods supply, customer base
or such other demand fulfillment. To make it clear, globalization is the end result while
internationalization is one of the tasks/tools/processes to achieve them. Globalization is more with the
nations and their economies while internationalization is more related to the individual, firm and
corporations for doing up their businesses.

The major example of Globalisation is Elimination of Visa Obligations, removing tariff and non-tariff
trade barriers, liberalizing investment-related obligations, etc. while an example of internationalization
is sourcing, producing or selling materials or delivering services from one or more countries, setting up
of the branches and subsidiaries in other countries, etc.